The Student Loan Scam: The Most Oppressive Debt in U.S. History and How We Can Fight Back: Reprint by Alan Michael Collinge

The Student Loan Scam: The Most Oppressive Debt in U.S. History and How We Can Fight Back: Reprint

byAlan Michael Collinge

Kobo ebook | April 24, 2013

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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.

Title:The Student Loan Scam: The Most Oppressive Debt in U.S. History and How We Can Fight Back: ReprintFormat:Kobo ebookPublished:April 24, 2013Publisher:Dubois Pubilishing UKLanguage:English

The following ISBNs are associated with this title:

ISBN:9990005754538

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