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The Debt Trap

- How Student Loans Became a National Catastrophe
Af: Josh Mitchell Engelsk Hardback

The Debt Trap

- How Student Loans Became a National Catastrophe
Af: Josh Mitchell Engelsk Hardback
Tjek vores konkurrenters priser
AN NPR AND NEW YORK POST BEST BOOK OF 2021

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
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AN NPR AND NEW YORK POST BEST BOOK OF 2021

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
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Se mere i:
Produktdetaljer
Sprog: Engelsk
Sider: 272
ISBN-13: 9781501199448
Indbinding: Hardback
Udgave:
ISBN-10: 1501199447
Kategori: Erhvervslivsstudier
Udg. Dato: 3 aug 2021
Længde: 27mm
Bredde: 160mm
Højde: 237mm
Forlag: Simon & Schuster
Oplagsdato: 3 aug 2021
Forfatter(e): Josh Mitchell
Forfatter(e) Josh Mitchell

Kategori Erhvervslivsstudier

ISBN-13 9781501199448

Sprog Engelsk

Indbinding Hardback

Sider 272

Udgave

Længde 27mm

Bredde 160mm

Højde 237mm

Udg. Dato 3 aug 2021

Oplagsdato 3 aug 2021

Forlag Simon & Schuster