The Federal Student Loan program first began in 1965. It was intended to make student loans accessible to all, to make the American Dream – going to college and earning more money – possible for everyone. A Federal American Student Loans program was supposed to be the great economic and opportunity equalizer… but somewhere along the way, things went awry. Today, student loans are the fastest-growing category of household debt, burying younger generations financially, and leaving them hopeless to achieve the financial milestones of their parents and grandparents, never mind beating them. How did we get here? On this week’s episode of the Finance Explained podcast, we talk the history of the federal student loans program, potential ways forward, and why we haven’t seen student loan forgiveness yet, with The Debt Trap author, Josh Mitchell.