Indentured students : how government-guaranteed loans left generations drowning in college debt /
Elizabeth Tandy Shermer.
- pages cm.
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"--
9780674251489
2021001564
College costs--History.--United States Debt--History.--United States Educational equalization--History.--United States Federal aid to higher education--History.--United States Student loans--History.--United States