New Jersey’s Student Loan Program is ‘State-Sanctioned Loan-Sharking’

Number 27953
Subject Student loans
Source ProPublica/NYT
Year 2016
Publication Date July 3, 28, Aug. 2, 18, Sept. 29, Oct. 7, Dec. 6, 2016
Summary New Jersey’s student loan agency, the Higher Education Student Assistance Authority, has some of the most aggressive collection tactics in the industry with few reprieves, even for borrowers who’ve died. ProPublica’s series lays out how HESAA’s loans have unraveled lives – sending many families into financial ruin – to the point they’ve been described as “state-sanctioned loan-sharking.”
Category Contest Entry
Keywords new jersey; student; loans; college; university; sharking; aggressive; collection
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