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Description
Just a few years after the subprime mortgage crisis, there are ominous signs that the student loan market is on the verge of collapsing, yet another casualty of predatory lending practices. Default brings this perilous situation into sharp relief, chronicling the stories of borrowers who find themselves in the paralyzing predicament of having to repay far more than what they borrowed -- with no bankruptcy protection, and no recourse under the law....
Description
Provides comprehensive information on sources of education-related financial aid sponsored and administered by private organizations and companies. Covers a variety of programs in all educational areas, including area and ethnic studies, business, computer science, education, liberal arts, medicine, physical sciences, theology and religion, and more. Intended for students and others interested in education funding.
Author
Description
"In 1982, a new executive at Sallie Mae took home the company's financial documents to review. "You've got to be shitting me," he later told the company's CEO. "This place is a gold mine." Over the next four decades, the student loan industry that Sallie Mae and Congress created blew up into a crisis that would submerge a generation of Americans into $1.5 trillion in student debt. In The Debt Trap, Wall Street Journal reporter Josh Mitchell tells...
Author
Description
"It is widely understood that student loan assistance has inflated college tuition, student debt, and lender profits. Less often recognized is that these outcomes were intended. Elizabeth Tandy Shermer uncovers the history of federal student loans, showing that they were designed to appease constituencies opposed to affordable higher education"--
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