michael hansen from sendgauge learning. >> thank you for having us. >> sue?ll, as we continue o education, today is the deadline for high school seniors to pick exeir college for year, but they're not just saying yes to a school, but also to a financial aid package. students aren't the only ones taking out the loans to cover that cost. their parents are, as well. so we brought back our senior personal finance corresponnt sharon epier son. she joins us with more on this. it's great to have you here. i am all heres and taking notes. how big of an is ueis and how much are parents having to borrow? >> we talked about the student debt crisis and the fact that $1.5 billion is the amount of money that's owed to student debt and 45 million borrowers and a lot of those borrowers are paeshs and want only students. when we lookth a parent loans and the federal parent plus loans 3.4 million borrowers and 87 that they have borrowed and it's a significant amount is the amount that they're borrowing continues to increase and you're not able for more and the loan was over $6

followed by pearson, i believe michael hansen, ceo of sengage, and the ceo of mcgraw hill that's thes&p global, and the education division was an apollo unit? >> the way to look at it, mcgraw hill, there was always some education, that's the 130-year-old arm standard & poor's was bought in the '60s and that is what became a standalone company, what is you s&p global in 2010, 2011 so the history of mcgraw hill is in education solutions. >> sengage has been around for how long >> similarly, sengage, the name came into existence when it got bought from thompson so we were known as thompson learning the company had been around for about 100 years as well. >> society is not paperless. there's still textbooks. about half of college curriculums are still physical textbooks? >> in terms of -- if you think about courses taken in the united states, there are about 100 million courses taken every year less than 20% are really digitally enabled at this point. you went to college, i went to college, when our parents went to college, the experience is still the same, which is frankly unacceptable