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A Study of Education and Economics Ser.: Debt Trap : How Student Loans Became a

quiksilverwv
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Located in: Midlothian, Virginia, United States
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Item specifics

Condition
Very Good: A book that has been read and does not look new, but is in excellent condition. No ...
ISBN
9781501199479

About this product

Product Identifiers

Publisher
Simon & Schuster
ISBN-10
1501199471
ISBN-13
9781501199479
eBay Product ID (ePID)
18057276877

Product Key Features

Number of Pages
272 Pages
Language
English
Publication Name
Debt Trap : How Student Loans Became a National Catastrophe
Subject
Economic History, Education, Finance, Finance / General, Higher, Financial Aid, Personal Finance / General
Publication Year
2022
Type
Textbook
Author
Josh Mitchell
Subject Area
Education, Study Aids, Business & Economics
Series
A Study of Education and Economics Ser.
Format
Trade Paperback

Dimensions

Item Height
0.6 in
Item Weight
11.2 Oz
Item Length
8.4 in
Item Width
5.5 in

Additional Product Features

Intended Audience
Trade
TitleLeading
The
Synopsis
AN NPR AND NEW YORK POST BEST BOOK OF 2021 From acclaimed Wall Street Journal reporter Josh Mitchell, the "devastating account" (The Wall Street Journal) of student debt in America.In 1981, 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 the "vivid and compelling" (Chicago Tribune) untold story of the scandals, scams, predatory actors, and government malpractice that have created the behemoth that one of its original architects called a "monster." As he charts the "jaw-dropping" (Jeffrey Selingo, New York Times bestselling author of Who Gets in and Why) seventy-year history of student debt in America, Mitchell never loses sight of the countless student victims ensnared by an exploitative system that depends on their debt. Mitchell also draws alarming parallels to the housing crisis in the late 2000s, showing the catastrophic consequences student debt has had on families and the nation's future. Mitchell's character-driven narrative is "necessary reading" (The New York Times) for anyone wanting to understand the central economic issue of our day., AN NPR AND NEW YORK POST BEST BOOK OF 2021 From acclaimed Wall Street Journal reporter Josh Mitchell, the "devastating account" ( The Wall Street Journal ) of student debt in America. In 1981, 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 the "vivid and compelling" ( Chicago Tribune ) untold story of the scandals, scams, predatory actors, and government malpractice that have created the behemoth that one of its original architects called a "monster." As he charts the "jaw-dropping" (Jeffrey Selingo, New York Times bestselling author of Who Gets in and Why ) seventy-year history of student debt in America, Mitchell never loses sight of the countless student victims ensnared by an exploitative system that depends on their debt. Mitchell also draws alarming parallels to the housing crisis in the late 2000s, showing the catastrophic consequences student debt has had on families and the nation's future. Mitchell's character-driven narrative is "necessary reading" ( The New York Times ) for anyone wanting to understand the central economic issue of our day., The dramatic, untold story of the student loan debt crisis in America. For millions, their college investment turned into a nightmare: 43 million people owe a combined $1.6 trillion in student debt, more than both credit card debt and car loans. How did we get here? Acclaimed Wall Street Journal reporter Josh Mitchell's landmark investigation is the first book to tell the full story of the student loan debt crisis in America. The Debt Trap is based on eight years of reporting and interviews with the decision-makers who crafted the program, including college presidents, members of Congress, presidential advisers, lobbyists, Wall Street investors, and Sallie Mae CEOs. Mitchell also profiles student victims whose lives have been irreparably damaged. The Debt Trap reveals the scandals, scams, predatory actors, and government malpractice that have created a system that one of its original architects called a "monster." Book jacket.

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