An in-depth exploration and expose of the predatory nature of the student-loan industry
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Named one of CNN Money’s 2008 financial heroes, Alan Collinge argues that student loans have become the most profitable, uncompetitive, and oppressive type of debt in American history. In an unprecedented analysis of this $85-billion industry, Collinge covers the history of student loans, the rise of Sallie Mae, and how universities have profited at students’ expense, and includes stories from people whose lives have been shattered as a result.
