Student Loans and the Dynamics of Debt PDF Download

Author: Brad Hershbein
Publisher: W.E. Upjohn Institute
ISBN: 0880994843
Category : Study Aids
Languages : en
Pages : 484

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Book Description
The papers included in this volume represent the most current research and knowledge available about student loans and repayment. It serves as a valuable reference for researchers and policymakers who seek a deeper understanding of how, why, and which students borrow for their postsecondary education; how this borrowing may affect later decisions; and what measures can help borrowers repay their loans successfully.

Author: Beth Akers
Publisher: Princeton University Press
ISBN: 0691181101
Category : Education
Languages : en
Pages : 192

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Book Description
Why fears about a looming student loan crisis are unfounded—and how they obscure what's really wrong with student lending College tuition and student debt levels have been rising at an alarming pace for at least two decades. These trends, coupled with an economy weakened by a major recession, have raised serious questions about whether we are headed for a major crisis, with borrowers defaulting on their loans in unprecedented numbers and taxpayers being forced to foot the bill. Game of Loans draws on new evidence to explain why such fears are misplaced—and how the popular myth of a looming crisis has obscured the real problems facing student lending in America. Bringing needed clarity to an issue that concerns all of us, Beth Akers and Matthew Chingos cut through the sensationalism and misleading rhetoric to make the compelling case that college remains a good investment for most students. They show how, in fact, typical borrowers face affordable debt burdens, and argue that the truly serious cases of financial hardship portrayed in the media are less common than the popular narrative would have us believe. But there are more troubling problems with student loans that don't receive the same attention. They include high rates of avoidable defaults by students who take on loans but don’t finish college—the riskiest segment of borrowers—and a dysfunctional market where competition among colleges drives tuition costs up instead of down. Persuasive and compelling, Game of Loans moves beyond the emotionally charged and politicized talk surrounding student debt, and offers a set of sensible policy proposals that can solve the real problems in student lending.

Author: Avery Elizabeth Hurt
Publisher: Greenhaven Publishing LLC
ISBN: 1534506241
Category : Young Adult Nonfiction
Languages : en
Pages : 128

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Book Description
As of 2019, Americans owed over 1.56 trillion dollars in student loan debt, and 69 percent of college students who graduated in 2018 had to take out student loans. Student debt has increased significantly over the past twenty years, but what factors have brought this about? Are students to blame for making irresponsible financial decisions, or is the price of education rising disproportionately to average income? How do variables like class and race impact student debt? What impact do these debts have on individuals and the economy? This volume examines the nature of America's student debt crisis and explores possible solutions.

Author: Robert H. Scott, III
Publisher: Springer Nature
ISBN: 3031463757
Category : Business & Economics
Languages : en
Pages : 142

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Book Description
This book traces how the student loan system has created insurmountable student debt traps for millions of student borrowers contrary to its original purpose of promoting social mobility. Today, approximately 45 million Americans hold over $1.7 trillion in student loan debt, with over 20% of borrowers in default. Student loan debt has the greatest negative impact of wealth-poor students, with Black and first-generation students less likely to attain a college degree, more likely to default on student loan debt, and less likely to gain the same type of wage premium from their college degrees than white student loan borrowers. The book also offers a wide range of policy solutions for remedying the student loan debt crisis.

Author: Paula Johanson
Publisher: Greenhaven Publishing LLC
ISBN: 1534502181
Category : Juvenile Nonfiction
Languages : en
Pages : 114

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Book Description
Getting into college is one giant hurdle to clear, and paying for it is quite another. This book breaks down the expenses associated with higher education, the various payment options available for students, including student loans, need-based scholarships, and merit-based scholarships, and what other avenues may exist for families to ensure that costs associated with tuition, room, and board stay reasonable. Concerns about "paying off" student loans, interest rates, and timelines are also addressed in this informative collection.

Author: Joel Best
Publisher: Univ of California Press
ISBN: 0520958446
Category : Social Science
Languages : en
Pages : 246

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Book Description
This illuminating investigation uncovers the full dimensions of the student loan disaster. A father and son team—one a best-selling sociologist, the other a former banker and current quantitative researcher—probes how we’ve reached the point at which student loan debt—now exceeding $1 trillion and predicted to reach $2 trillion by 2020—threatens to become the sequel to the mortgage meltdown. In spite of their good intentions, Americans have allowed concerns about deadbeat students, crushing debt, exploitative for-profit colleges, and changing attitudes about the purpose of college education to blind them to a growing crisis. With college costs climbing faster than the cost of living, how can access to higher education remain a central part of the American dream? With more than half of college students carrying an average debt of $27,000 at graduation, what are the prospects for young adults in the current economy? Examining how we’ve arrived at and how we might extricate ourselves from this grave social problem, The Student Loan Mess is a must-read for everyone concerned about the future of American education. Hard facts about the student loan crisis: • Student loan debt is rising by more than $100 billion every year. • Among recent college students who are supposed to be repaying their loans, more than a third are delinquent. • Because student loans cannot be discharged through bankruptcy, the federal government misleadingly treats student loan debt as a government asset. • Higher default rates, spiraling college costs, and proposals for more generous terms for student borrowers make it increasingly likely that student loan policies will eventually cost taxpayers hundreds of billions of dollars.

Author: Adam S. Minsky
Publisher: Createspace Independent Publishing Platform
ISBN: 9781502301826
Category : College students
Languages : en
Pages : 0

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Book Description
NEW 2015 EDITION - CRITICAL UPDATES ABOUT FEDERAL STUDENT LOAN REPAYMENT, FORGIVENESS, AND DEFAULT RESOLUTION PROGRAMS! In 2013, student loan debt in the US passed $1 trillion. That's more than our total amount of credit card debt and automobile debt. Graduates are starting out with poor employment prospects, obscene levels of debt, and few tools to help. Adam S. Minsky is a leading expert in student loan debt. He is renowned as a pioneer in student loan law as the founder of one of the first law firms in the country devoted entirely to helping student borrowers. With few resources available for student borrowers navigating byzantine repayment systems, he wrote this book as a practical, easy-to-read guide for managing your student debt. Whether your loans are federal or private, in good standing or in default, this guide identifies your options and helps you determine the best way forward.

Author: Josh Mitchell
Publisher: Simon and Schuster
ISBN: 1501199447
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
"The dramatic untold story of the student loan debt crisis in America. In 1981, a new executive at the student loan giant 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.' Far from making college affordable, the student loan system has created a college-industrial complex that has submerged multiple generations in debt. For millions, their college investment turned into a nightmare: 43 million people owe a combined $1.6 trillion in student debt, more than both credit card debt and car loans. How did we get here? Acclaimed Wall Street Journal reporter Josh Mitchell's landmark investigation is the first book to tell the full story of the student loan debt crisis in America. Mitchell shows how the program began in the 1950s, evolved into a grand social experiment in the 1960s, got overtaken by greedy colleges in the 1980s and 1990s, and was unleashed in the 2000s by Sallie Mae, the billion-dollar company that turned student lending into big business. Based on eight years of reporting and hundreds of interviews with the decision-makers who crafted the program, The Debt Trap never loses sight of the countless student victims whose lives have been forever altered by a predatory lending system. Mitchell's defining book shows how the narrative of higher education as a ticket to the American Dream fueled the rise of a rapacious system that one of its original architects called a 'monster'".--From dust jacket.

Author: Reyna Gobel
Publisher: Houghton Mifflin Harcourt
ISBN: 0544319168
Category : Business & Economics
Languages : en
Pages : 241

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Book Description
With updated information that reflects the myriad changes in the student loan industry that affect students and their parents burdened with student loan debt, CliffsNotes Graduation Debt, Second Edition provides a step-by-step road map for effectively managing student loan debt and having a successful financial life. Reyna Gobel has accumulated tens of thousands of dollars in student loans, recovered from student loan default, and set herself on a mission to help others who face a seemingly insurmountable student loan burden, with a powerful message about taking a step-by-step approach and not being overwhelmed by the sheer weight of student loan debt. Divided into small subsections geared toward those neck-deep in debt, this book is easily digestible to students who aren’t inclined to focus on their finances. Readers are encouraged to take action steps, such as finding long-lost student loans that may have gone into default, discovering payment plans they can afford, consolidating loans when it makes sense to do so, saving money on eating out and groceries, improving credit scores, tweaking their debt-to-income ratios so they can buy a home, and discussing their student loan and non-student loan debt with their significant others. By the end of the book, readers will be on the road to financial stability, with extra money for vacations and other fun stuff, too.

Author: Susanne Soederberg
Publisher: Routledge
ISBN: 1317646738
Category : Political Science
Languages : en
Pages : 284

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Book Description
WINNER of the BISA IPEG Book Prize 2015 http://www.bisa-ipeg.org/ipeg-book-prize-2015-winner-announced/ Under the rubric of ‘financial inclusion’, lending to the poor –in both the global North and global South –has become a highly lucrative and rapidly expanding industry since the 1990s. A key inquiry of this book is what is ‘the financial’ in which the poor are asked to join. Instead of embracing the mainstream position that financial inclusion is a natural, inevitable and mutually beneficial arrangement, Debtfare States and the Poverty Industry suggests that the structural violence inherent to neoliberalism and credit-led accumulation have created and normalized a reality in which the working poor can no longer afford to live without expensive credit. The book further transcends economic treatments of credit and debt by revealing how the poverty industry is extricably linked to the social power of money, the paradoxes in credit-led accumulation, and ‘debtfarism’. The latter refers to rhetorical and regulatory forms of governance that mediate and facilitate the expansion of the poverty industry and the reliance of the poor on credit to augment/replace their wages. Through a historically grounded analysis, the author examines various dimensions of the poverty industry ranging from the credit card, payday loan, and student loan industries in the United States to micro-lending and low-income housing finance industries in Mexico. Providing a much-needed theorization of the politics of debt, Debtfare States and the Poverty Industry has wider implications of the increasing dependence of the poor on consumer credit across the globe, this book will be of very strong interest to students and scholars of Global Political Economy, Finance, Development Studies, Geography, Law, History, and Sociology. https://www.youtube.com/watch?v=2lU6PHjyOzU