The Debt Trap (eBook, ePUB)
Josh Mitchell
eBook, ePUB

The Debt Trap (eBook, ePUB)

How Student Loans Became a National Catastrophe

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AN NPR AND NEW YORK POST BEST BOOK OF THE YEAR 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 J...

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