The Debt Trap: How Student Loans Became a National Catastrophe Mitchell Josh
From acclaimed Wall Street Journal reporter Josh Mitchell, the dramatic, untold history of student debt in America.The average graduate in 2017 left school with $35,000 in student-loan debt. The…
Specifikacia The Debt Trap: How Student Loans Became a National Catastrophe Mitchell Josh
From acclaimed Wall Street Journal reporter Josh Mitchell, the dramatic, untold history of student debt in America.The average graduate in 2017 left school with $35,000 in student-loan debt. The national student debt load has soared to $1.6 trillion, far surpassing credit card debt. Default rates are climbing. At the center of this crisis is a multibillion-dollar industry that profits from student's financial peril. It is clear that the system is broken. How did we get here?In The Debt Trap, Wall Street Journal reporter Josh Mitchell tells the untold story of the scandals, scams, predatory actors, and government malpractice that have created this monster.The tale begins in 1957 with the launch of Sputnik. Afraid that America was falling behind the Soviets in science education, Congress created the first ever student loan program