The most critical episode in this series, Predatory Lending is at the heart of the Student Loan Crisis. When it comes to understanding this economic crisis, I believe this is the least understood area. From soaring interest rates and lack of transparency to collusion between loan companies and schools, many borrowers were doomed to default before they ever realized it. The scheming is deeper than I ever could have imagined, and if we aren't careful, a Student Loan Crash may be on the horizon for the US economy.
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Sources Links to Check Out
Comprehensive Story on the Crisis
https://www.nytimes.com/2017/04/09/bu...
Student Testimonials
https://www.nytimes.com/2017/04/09/bu...
Accusations on Lawsuits
https://www.nytimes.com/2017/04/09/bu...
LA Times Comprehensive Story
https://www.latimes.com/archives/la-x...
Variable Interest Rates
https://studentloanhero.com/featured/...
Sub-Prime Loans
https://www.motherjones.com/politics/...
Unfair Loan Practices
https://www.moneygeek.com/financial-p...
More Unfair Practices
https://www.investmentnews.com/colleg...
History of Sallie Mae
https://revealnews.org/article/who-go...
Wall Street and Student Debt
https://www.rollingstone.com/politics...
