Susanne Soederberg is a professor of political studies and global development studies at Queen’s University, Canada.
Tuesday, May 26, 2015
The Student Loan Crisis and the Debtfare State
Educational debt has become a ticking time bomb. With over $1 trillion in outstanding loan balances, the student loan industry has a lot in common with the sub-prime mortgage industry, which went into a devastating crisis in 2007-8. Both rely on a financial innovation called “asset-backed...