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The Debt Trap (How Student Loans Became a National Catastrophe) - 9781501199479

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ISBN: 9781501199479
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$17.99
SKU:
9781501199479
Availability:
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Minimum Purchase:
25 units
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Overview

AN NPR AND NEW YORK POST BEST BOOK OF 2021

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 Journal reporter Josh Mitchell tells the “vivid and compelling” (Chicago Tribune) untold story of the scandals, scams, predatory actors, and government malpractice that have created the behemoth that one of its original architects called a “monster.”

As he charts the “jaw-dropping” (Jeffrey Selingo, New York Times bestselling author of Who Gets in and Why) seventy-year history of student debt in America, Mitchell never loses sight of the countless student victims ensnared by an exploitative system that depends on their debt. Mitchell also draws alarming parallels to the housing crisis in the late 2000s, showing the catastrophic consequences student debt has had on families and the nation’s future. Mitchell’s character-driven narrative is “necessary reading” (The New York Times) for anyone wanting to understand the central economic issue of our day.

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Product Details

Author:
Josh Mitchell
Format:
Paperback
Pages:
272
Publisher:
Simon & Schuster (August 9, 2022)
Language:
English
ISBN-13:
9781501199479
ISBN-10:
1501199471
Dimensions:
5.5" x 8.375" x 0.6"
File:
Eloquence-SimonSchuster_06012025_P8679047_onix30_Complete-20250601.xml
Folder:
Eloquence
List Price:
$17.99
Case Pack:
40
As low as:
$9.17
Publisher Identifier:
P-SS
Discount Code:
A
Weight:
11.2oz
Audience:
General/trade
Pub Discount:
65
Series:
A Study of Education and Economics
Imprint:
Simon & Schuster

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