2024 the best student loan servicer review
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This illuminating investigation uncovers the full dimensions of the student loan disaster. A father and son team―one a best-selling sociologist, the other a former banker and current quantitative researcher―probes how we’ve reached the point at which student loan debt―now exceeding $1 trillion and predicted to reach $2 trillion by 2020―threatens to become the sequel to the mortgage meltdown. In spite of their good intentions, Americans have allowed concerns about deadbeat students, crushing debt, exploitative for-profit colleges, and changing attitudes about the purpose of college education to blind them to a growing crisis.
With college costs climbing faster than the cost of living, how can access to higher education remain a central part of the American dream? With more than half of college students carrying an average debt of $27,000 at graduation, what are the prospects for young adults in the current economy? Examining how we’ve arrived at and how we might extricate ourselves from this grave social problem, The Student Loan Mess is a must-read for everyone concerned about the future of American education.
Hard facts about the student loan crisis:
• Student loan debt is rising by more than $100 billion every year.
• Among recent college students who are supposed to be repaying their loans, more than a third are delinquent.
• Because student loans cannot be discharged through bankruptcy, the federal government misleadingly treats student loan debt as a government asset.
• Higher default rates, spiraling college costs, and proposals for more generous terms for student borrowers make it increasingly likely that student loan policies will eventually cost taxpayers hundreds of billions of dollars.
Publisher : University of California Press; First Edition (May 2, 2014)
Language : English
Hardcover : 248 pages
ISBN-10 : 0520276450
ISBN-13 : 978-0520276451
Item Weight : 1.15 pounds
Dimensions : 6 x 0.98 x 9 inches
Reviewer: charlie a williams
Rating: 5.0 out of 5 stars
Title: ... a sociologist and an economist the authors do a fantastic job of following the progression of financial aid from ...
Review: Written by a sociologist and an economist the authors do a fantastic job of following the progression of financial aid from need-based grants to our current composition of "aid" primarily in the form of student loans. This book is not riddled with heavy historical content or academic jargon; the authors highlight the political and social context in which each major reform, i.e. mess, takes place. This book is a great place to start in understanding how we, as a nation, have amassed an aggregate of over 1 trillion in student loan debt. I might suggest this book be mandatory reading for high school junior and seniors and for undergraduate college students. Moreover this book would work well read in a group discussion format. I highly recommend this book to anyone who wants to put the student loan debt in context. No book has done a better job of focusing in on "how" student loans became such a problem for so many students and parents alike.
Reviewer: Davey P
Rating: 4.0 out of 5 stars
Title: Good read for those looking to understand - and fix - the U.S. student loan problem
Review: Well thought out look into the history of loan programs and the policies that shaped them. Although the text can feel a bit repetitive at times, the authors do well to connect to their main thesis. They also attempt to frame discussion, by offering their "plan" to fix the problem before the bubble bursts.
Reviewer: LanceManion
Rating: 3.0 out of 5 stars
Title: Good, not great
Review: Good book. But fails to ID the neoliberal lackies who led this slow moving disaster.
Reviewer: Ed Wojcicki
Rating: 4.0 out of 5 stars
Title: Worthwhile and easy read
Review: It's a really good history.