IN DEPTH PODCAST: How America's student loan problem got so bad

University of California Los Angeles (UCLA) students Andrea Flores (L) and Kendall Brown (R) and other UCLA students and supporters demonstrate outside the UC Board of Regents meeting where members voted to approve a 32 percent tuition hike next year on November 19, 2009 in Los Angeles, California. Undergraduate fees for students at the California university system would be increasing by about $2,500. It is the second day that demonstrators, including students from other UC campuses, have gathered to try to dissuade the board from approving the proposed increase. Massive cuts to balance the state budget have squeezed education funds in California. (Photo by David McNew/Getty Images)
University of California Los Angeles (UCLA) students Andrea Flores (L) and Kendall Brown (R) and other UCLA students and supporters demonstrate outside the UC Board of Regents meeting where members voted to approve a 32 percent tuition hike next year on November 19, 2009 in Los Angeles, California. Undergraduate fees for students at the California university system would be increasing by about $2,500. It is the second day that demonstrators, including students from other UC campuses, have gathered to try to dissuade the board from approving the proposed increase. Massive cuts to balance the state budget have squeezed education funds in California. Photo credit (Photo by David McNew/Getty Images)

NEW YORK (1010 WINS) - Before he was president, Joe Biden ran on a platform that promised student loan forgiveness.

More specifically, he said that he would cancel up to $10,000 per borrower. He also said he would forgive undergrad borrowers who had a salary less than $125,000. After nearly one year in office, that promise still remains unfulfilled.

On this week’s episode of 1010 WINS In Depth, rather than focus on why Biden hasn’t addressed the issue or discuss the pros and cons of cancellation, host Femi Redwood aims to answer one question: How did the student loan issue become so bad in America?

To get her answer, she speaks with Wall Street Journal reporter and author, Josh Mitchell. Having written the book, “The Debt Trap: How Student Loans Became a National Catastrophe,” he knows a thing or two about this country’s relationship to debt.

The answer may shock you.

Featured Image Photo Credit: (Photo by David McNew/Getty Images)