The American debtor as worker, consumer, and citizen -- The ideology of homeowner democracy and trust in government -- The government's creation and destruction of the American university -- Responses to the crisis : the new debtor movements -- The sin of debt and the hope of forgiveness in the twenty-first century.
Summary:
"With unprecedented student debt keeping an entire generation from realizing the "American Dream," this book sounds a warning about how that debt may undermine both higher education and our democracy"-- Provided by publisher. American higher education boasts one of the most impressive legacies in the world, but the price of admission for many is now endless debt. As this book shows, increasing educational indebtedness undermines the real value of higher education in our democracy. To help readers understand this dilemma, the book examines how student debt became commonplace and what the long-term effects of such an ongoing reality might be. Sold My Soul for a Student Loan examines this vitally important issue from an unprecedented diversity of perspectives, focusing on the fact that student debt is hindering the ability of millions of people to enter the job market, the housing market, the consumer economy, and the political process. Among other topics, the book covers the history of consumer debt in the United States, the history of federal policy toward higher education, and political action in response to the issue of student debt. Perhaps most importantly, it explores the new relationship debtor-citizens have to the government as a result of debt, and how that impacts democracy for a new generation. To make its case, the book draws from individual borrowers, activists, policymakers, and academics, augmenting their stories with archival research and information on federal consumer finance policies. Taken together, these qualitative and quantitative approaches paint a clear picture of the consequences of student debt for America and its citizens, both now and in the future. -- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.