The Student Loan Mess: How Good Intentions Created a Trillion-Dollar Problem by

Description: The Student Loan Mess by Joel Best, Eric Best With college costs climbing faster than the cost of living, how can access to higher education remain a central part of the American dream? With more than half of college students carrying an average debt of $27,000 at graduation, what are the prospects for young adults in the current economy? This book deals with these questions. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description This illuminating investigation uncovers the full dimensions of the student loan disaster. A father and son team-one a best-selling sociologist, the other a former banker and current quantitative researcher-probes how weve reached the point at which student loan debt-now exceeding $1 trillion and predicted to reach $2 trillion by 2020-threatens to become the sequel to the mortgage meltdown. In spite of their good intentions, Americans have allowed concerns about deadbeat students, crushing debt, exploitative for-profit colleges, and changing attitudes about the purpose of college education to blind them to a growing crisis. With college costs climbing faster than the cost of living, how can access to higher education remain a central part of the American dream? With more than half of college students carrying an average debt of $27,000 at graduation, what are the prospects for young adults in the current economy? Examining how weve arrived at and how we might extricate ourselves from this grave social problem, The Student Loan Mess is a must-read for everyone concerned about the future of American education. Hard facts about the student loan crisis: Student loan debt is rising by more than $100 billion every year. Among recent college students who are supposed to be repaying their loans, more than a third are delinquent. Because student loans cannot be discharged through bankruptcy, the federal government misleadingly treats student loan debt as a government asset. Higher default rates, spiraling college costs, and proposals for more generous terms for student borrowers make it increasingly likely that student loan policies will eventually cost taxpayers hundreds of billions of dollars. Flap "Written with clarity and grace. . . . My highest recommendation."--Jonathan B. Imber, Editor in Chief, Society "In this fully documented--but highly readable--study, Joel and Eric Best parcel out the blame among politicians, educational institutions, and the students themselves. Importantly, they propose timely actions to take before this latest financial bubble bursts."--Richard J. Mahoney, Distinguished Executive-in-Residence, Weidenbaum Center on the Economy, Government and Public Policy, Washington University, St. Louis "Edgy and astute. . . . This engaging book will appeal to a broad audience of interested general readers."--John Iceland, Professor of Sociology and Demography, Penn State University Author Biography Joel Best is Professor of Sociology and Criminal Justice at the University of Delaware and author of Damned Lies and Statistics, Stat-Spotting, and Everyones a Winner, all from UC Press. Eric Best is Assistant Professor of Emergency Management at Jacksonville State University. Table of Contents List of Figures and Tables Acknowledgments Introduction 1. Good Intentions and Wasted Brainpower: The First Student Loan Mess 2. Disillusionment and Deadbeats: The Second Student Loan Mess 3. Outrage and Crushing Debt: The Third Student Loan Mess 4. Dread and the For-Profit Bubble: The Fourth Student Loan Mess 5. Whats Next? Prospective Student Loan Messes 6. Beyond Making Messes? Notes References Index Review "Probably the best and clearest book on the United States complex student debt problem." -- Tyler Cowen TLS "The Student Loan Mess offers a compact, useful history." -- John Marsh Academe Review Quote "The Student Loan Mess offers a compact, useful history." Details ISBN0520276450 Author Eric Best Short Title STUDENT LOAN MESS Publisher University of California Press Language English ISBN-10 0520276450 ISBN-13 9780520276451 Media Book Format Hardcover Residence IL, US Affiliation Southern Illinois University Year 2014 Imprint University of California Press Place of Publication Berkerley Country of Publication United States Illustrations figures Subtitle How Good Intentions Created a Trillion-Dollar Problem Publication Date 2014-05-02 UK Release Date 2014-05-02 AU Release Date 2014-05-02 NZ Release Date 2014-05-02 US Release Date 2014-05-02 Pages 248 DEWEY 378.3620973 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:78985670;

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