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Bait and Switch

Name: Bait and Switch
Brand: Springer, Berlin
SKU: 44204933
Price: 18475 HUF
Availability: InStock
Author: Scott
ISBN: 9783031463747

How Student Loan Debt Stifles Social Mobility

Language

English

Book Hardback

Libristo code: 44204933

Publishers Springer, Berlin, November 2023

This book traces how the student loan system has created insurmountable student debt traps for milli... Full description

Libristo code: 44204933

126 b

18 475 Ft

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This book traces how the student loan system has created insurmountable student debt traps for millions of student borrowers contrary to its original purpose of promoting social mobility. Today, approximately 45 million Americans hold over $1.7 trillion in student loan debt, with over 20% of borrowers in default. Student loan debt has the greatest negative impact of wealth-poor students, with Black and first-generation students less likely to attain a college degree, more likely to default on student loan debt, and less likely to gain the same type of wage premium from their college degrees than white student loan borrowers. The book also offers a wide range of policy solutions for remedying the student loan debt crisis.