Senator Dick Durbin, Democrat from Illinois stresses the importance of student loan transparency.
It's official, student loan debt has surpassed credit card debt in the United States. For younger borrowers, excessive student loan debt can mean putting off major life events. For older borrowers, it can mean delaying retirement indefinitely. Host: Lark McCarthy. Guests Include: Senator Dick Durbin, Democrat from Illinois and Senate Majority Whip who stresses the importance of loan transparency. Also joining us, Jean Chatzky, AARP's Financial Ambassador and author of, "Money Rules: The Simple Path to Lifelong Security."