The Student Loan Scam

The Most Oppressive Debt in U.S. History and How We Can Fight Back

Nonfiction, Reference & Language, Education & Teaching, Student & Student Life, Business & Finance, Business Reference, Education, Higher Education
Cover of the book The Student Loan Scam by Alan Collinge, Beacon Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Alan Collinge ISBN: 9780807096727
Publisher: Beacon Press Publication: February 1, 2009
Imprint: Beacon Press Language: English
Author: Alan Collinge
ISBN: 9780807096727
Publisher: Beacon Press
Publication: February 1, 2009
Imprint: Beacon Press
Language: English

The Student Loan Scam is an exposé of the predatory nature of the $85-billion student loan industry. In this in-depth exploration, Collinge argues that student loans have become the most profitable, uncompetitive, and oppressive type of debt in American history.

This has occurred in large part due to federal legislation passed since the mid-1990s that removed standard consumer protections from student loans-and allowed for massive penalties and draconian wealth-extraction mechanisms to collect this inflated debt. High school graduates can no longer put themselves through college for a few thousand dollars in loan debt. Today, the average undergraduate borrower leaves school with more than $20,000 in student loans, and for graduate students the average is a whopping $42,000. For the past twenty years, college tuition has increased at more than double the rate of inflation, with the cost largely shifting to student debt.

Collinge covers the history of student loans, the rise of Sallie Mae, and how universities have profited at the expense of students. The book includes candid and compelling stories from people across the country about how both nonprofit and for-profit student loan companies, aided by poor legislation, have shattered their lives-and livelihoods. With nearly 5 million defaulted loans, this crisis is growing to epic proportions.

The Student Loan Scam takes an unflinching look at this unprecedented and pressing problem, while exposing the powerful organizations and individuals who caused it to happen. Ultimately, Collinge argues for the return of standard consumer protections for student loans, among other pragmatic solutions, in this clarion call for social action.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The Student Loan Scam is an exposé of the predatory nature of the $85-billion student loan industry. In this in-depth exploration, Collinge argues that student loans have become the most profitable, uncompetitive, and oppressive type of debt in American history.

This has occurred in large part due to federal legislation passed since the mid-1990s that removed standard consumer protections from student loans-and allowed for massive penalties and draconian wealth-extraction mechanisms to collect this inflated debt. High school graduates can no longer put themselves through college for a few thousand dollars in loan debt. Today, the average undergraduate borrower leaves school with more than $20,000 in student loans, and for graduate students the average is a whopping $42,000. For the past twenty years, college tuition has increased at more than double the rate of inflation, with the cost largely shifting to student debt.

Collinge covers the history of student loans, the rise of Sallie Mae, and how universities have profited at the expense of students. The book includes candid and compelling stories from people across the country about how both nonprofit and for-profit student loan companies, aided by poor legislation, have shattered their lives-and livelihoods. With nearly 5 million defaulted loans, this crisis is growing to epic proportions.

The Student Loan Scam takes an unflinching look at this unprecedented and pressing problem, while exposing the powerful organizations and individuals who caused it to happen. Ultimately, Collinge argues for the return of standard consumer protections for student loans, among other pragmatic solutions, in this clarion call for social action.

More books from Beacon Press

Cover of the book Straight by Alan Collinge
Cover of the book Many Children Left Behind by Alan Collinge
Cover of the book The Heritage by Alan Collinge
Cover of the book She Looks Just Like You by Alan Collinge
Cover of the book Man's Search for Meaning: Young Adult Edition by Alan Collinge
Cover of the book How to Love a Country by Alan Collinge
Cover of the book Where Do We Go from Here by Alan Collinge
Cover of the book Liberation by Alan Collinge
Cover of the book Hunting Season by Alan Collinge
Cover of the book Lift Us Up, Don't Push Us Out! by Alan Collinge
Cover of the book White Fragility by Alan Collinge
Cover of the book Shout, Sister, Shout! by Alan Collinge
Cover of the book Telling Truths in Church by Alan Collinge
Cover of the book Our Grandchildren Redesigned by Alan Collinge
Cover of the book The Fearless Benjamin Lay by Alan Collinge
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy