BizBeat Ep.195: From promise to peril — U.S. parents trapped in student loan debts

As U.S. President Joe Biden extended freeze on student loan repayment again, the spotlight is back on the nation's student debt crisis. Americans collectively hold over $1.7 trillion in student debt, and borrowings of parents under the government's PLUS loan program has shot up 756% in three decades. In this episode of BizBeat, CGTN's Lily Lyu explains how the boon of increased credit access can turn into a bane for debt-strapped American parents.

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