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Indentured students : how government-guaranteed loans left generations drowning in college debt / Elizabeth Tandy Shermer.

By: Publisher: Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2021Description: pages cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9780674251489
Subject(s): LOC classification:
  • LB2342.4 .U6 S54 2021
Contents:
Introduction: Drowning in debt -- Honorably financing college -- Will work for school -- A bill of rights for only some GIs -- The fizzled response to Sputnik -- Federally guaranteed students -- Reauthorizing the loan industry -- Bankers lose their sweetheart deal -- Epilogue: A brave new world of indentured students.
Summary: "It is widely understood that student loan assistance has inflated college tuition, student debt, and lender profits. Less often recognized is that these outcomes were intended. Elizabeth Tandy Shermer uncovers the history of federal student loans, showing that they were designed to appease constituencies opposed to affordable higher education"-- Provided by publisher.

Includes bibliographical references and index.

Introduction: Drowning in debt -- Honorably financing college -- Will work for school -- A bill of rights for only some GIs -- The fizzled response to Sputnik -- Federally guaranteed students -- Reauthorizing the loan industry -- Bankers lose their sweetheart deal -- Epilogue: A brave new world of indentured students.

"It is widely understood that student loan assistance has inflated college tuition, student debt, and lender profits. Less often recognized is that these outcomes were intended. Elizabeth Tandy Shermer uncovers the history of federal student loans, showing that they were designed to appease constituencies opposed to affordable higher education"-- Provided by publisher.

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