As of 2021, $1.7 million in student loan debt is collectively owed by 45 million borrowers. On this episode, we hear from entrepreneur Farrukh Siddiqui about his company, Defynance, which works with former students to pay off their loans and replace them with income share agreements. Then, host Carla Harris sits down with Betsy Mayotte, the president and founder of The Institute of Student Loan Advisors. Betsy shares her insights on the student debt crisis and discusses how access to free, neutral and clear student loan advice can empower borrowers to make informed decisions when it comes to financing their education. https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunity Disclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.