Catalog Search Results
Author
Publisher
Simon & Schuster
Pub. Date
2021.
Language
English
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 in $1.5 trillion in student debt. In The Debt Trap, Wall Street Journal reporter Josh Mitchell tells the...
Author
Publisher
St. Martin's Press
Pub. Date
2016.
Language
English
Description
"The cost of a college degree has increased by 1,125% since 1978 - four times the rate of inflation. Total student debt is $1.3 trillion. Many private universities charge tuitions ranging from $60-70,000 per year. Nearly 2/3 of all college students mustborrow to study, and the average student graduates with more than $30,000 in debt. 53% of college graduates under 25 years old are unemployed or underemployed (working part-time or in low-paying jobs...