The Debt Trap: How Student Loans Became a National Catastrophe - Josh Mitchell - Livros - Simon & Schuster - 9781501199479 - 9 de agosto de 2022
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Josh Mitchell
The Debt Trap: How Student Loans Became a National Catastrophe

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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.

272 pages

Mídia Livros     Paperback Book   (Livro de capa flexível e brochura)
Lançado 9 de agosto de 2022
ISBN13 9781501199479
Editoras Simon & Schuster
Páginas 272
Dimensões 140 × 213 × 17 mm   ·   331 g
Idioma Inglês  

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