In this Issue
In a recent story, reminiscent of the subprime mortgage era of 2007, a portion of the outstanding $108 billion in private student loans have been ruled noncollectable by courts, due to missing or fake documentation. Just like those mortgages, these loans typically came with higher interest rates and fewer consumer protections than federal loans, often targeting low-income borrowers attending for-profit schools. In this issue, we dig in to some of the numbers and challenge some mainstream thinking in the massive student loan market.
A Weight on the Back of Young AmericansRead More