Default: The Student Loan Documentary

Find entire article here

Excerpt from the article:

“The cost of attending a public university has more than doubled over the past decade, and college tuition is rising across the board at an average of five percent per year. Household incomes have dramatically decreased due to the financial downturn, while government financial aid is unreliable at best in an era of rampant budget cuts. The only remaining option is to borrow, often from predatory, unregulated private lenders, meaning that two-thirds of bachelor’s recipients now graduate in debt. According to statistics from the US Department of Education, 13 percent of these borrows will default on their loans within three years of graduating.”

The entire documentary is only 27 minutes long.  Watch a clip here

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