What’s really causing the student debt crisis, according to Sheila Bair

By Jillian Berman (original source Market Watch)

“When Sheila Bair took the helm of Washington College in Chestertown, Md., earlier this year, she noted that a small liberal-arts college about 75 miles east from Washington, D.C. isn’t where her friends and colleagues expected her to end up. Before assuming her role at Washington, Bair worked in finance and economic circles for decades, most famously as the chair of the Federal Deposit Insurance Corporation during the financial crisis.

But Bair’s economic background certainly influences her new job. In her inaugural speech in September, she highlighted the financial concerns dogging students as they enter and graduate from school. MarketWatch spoke with Bair about student debt, college affordability and her plans to address these in her new role. Below are some of the biggest takeaways from our talk:”

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