CNBC's PRICE OF ADMISSION: AMERICA'S COLLEGE DEBT CRISIS will premiere on Tuesday, December 21st at 9pm ET. The documentary will repeat that evening at 1am ET.
The show will also repeat on Sunday, December 26th at 10PM ET.
CNBC's "Price of Admission: America's College Debt Crisis"
As millions of American families struggle to cope with college costs that are rising at twice the rate of inflation, CNBC investigates a system that encourages widespread borrowing—often with little regard to a student's ability to pay—leaving the average college graduate with tens of thousands of dollars in student loan debt. Unlike most forms of borrowing, student loans carry almost no consumer protections. The debt cannot be refinanced, nor can it be wiped out in bankruptcy. It can even outlive the student, leaving parents and surviving family members on the hook. With rising student loan debt comes rising defaults, but critics say colleges and universities—both non-profit and for-profit—as well as student loan companies are hiding the true default rates in order to keep the flow of government loan money going. How long can the system be sustained? Are student loans the next subprime mortgages? And if the bubble bursts, who will pay the price? CNBC speaks to borrowers, lenders, and school administrators to measure the real PRICE OF ADMISSION to the nation's higher education system.
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.