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America's College Debt Crisis

Downloadable Video - 2012
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Is higher education cultivating the next financial bubble? This CNBC Original documentary goes inside America's student loan industry - a seemingly benign system that could potentially echo the mortgage meltdown of recent years, since it displays little or no regard for a borrower's ability to repay. Viewers meet students, lenders, school administrators, and American families with firsthand knowledge of the brewing crisis - as well as U.S. Secretary of Education Arne Duncan, who addresses concerns that the nation's college debt load is creating a new class of borrowers and debtors. The program also examines Sallie Mae, which is remaking itself into a servicing company for both public and private loans, and a company called HigherOne, which allows students to access borrowed funds in the form of a debit MasterCard. The dramatic rise of for-profit universities is also a topic
Publisher: New York, N.Y. : Films Media Group, [2012], c2010
Branch Call Number: eVideo
Characteristics: 1 streaming video file (44 min.) : sd., col., digital file
Alternative Title: America's College Debt Crisis

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