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Bait and Switch: How Student Loan Debt Stifles Social Mobility

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Bait and Switch: How Student Loan Debt Stifles Social Mobility - Scott, III, Robert H., and Patten, Joseph N., and Mitchell, Kenneth
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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 ...

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Bait and Switch: How Student Loan Debt Stifles Social Mobility 2023, Palgrave Macmillan, Cham

ISBN-13: 9783031463747

Hardcover