Who’s getting rich off your student debt?

Number 27807
Subject Student loans
Source Reveal/Center for Investigative Reporting
State
Year 2016
Publication Date June 28
Summary America’s student loan system was created in the 1960s as part of an effort to alleviate poverty and inequality. But by 2016, some 42 million Americans owed an astonishing $1.3 trillion on their student loans, and the debt load had doubled in eight years. How did a program intended to help deserving students go to college become a profit center for Wall Street, private investors, even the government? We sought to document how the nation’s student loan crisis unfolded – and who has profited from it.
Category Contest Entry
Pages 13
Keywords student loans; higher education; student debt; loans; debt
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