Student Loans

The student loan crisis has been getting considerable attention in the media, but the coverage is often quick and shallow. James B. Steele and Lance Williams of Reveal from the The Center for
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The student loan crisis has been getting considerable attention in the media, but the coverage is often quick and shallow. James B. Steele and Lance Williams of Reveal from the The Center for Investigative Reporting have presented a more in-depth examination of the student loan industry. As a former student and current professor, I am concerned about student loans. The original intention of student loans, broadly construed, was to provide lower income students with an affordable means of paying for college. Like most students, I had to take out loans to pay for school. This was back in the 1980s, when college costs were more reasonable and just as student loans were being transformed into a massive for-profit industry. As such, my loans were fairly modest (about $8,000) and I was able to pay them off even on the pitiful salary I was earning as an adjunct professor. Times have, however, changed. Making a long story short, the federal government enabled banks and private equity. . .

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News source: Talking Philosophy

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