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Author
Publisher
Simon & Schuster
Pub. Date
2021.
Language
English
Description
In 1982, 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...
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