Table of Contents
Introduction 7
1 Federally Guaranteed Student Loans Are Good Debt Sandra Block 11
2 Student Loans Are Toxic Debt Mary Pilon 15
3 Student Loans Lack Consumer Protections Alan Collinge 20
4 Student Loan Defaults Are the Result of Bad Decisions Jacob Sullum 27
5 The Recession Makes It Harder to Repay Student Loans Samantha Hillstrom 32
6 Most People Easily Repay Their Student Loans James Monks 36
7 Student Loan Debt Should Be Forgiven to Stimulate the Economy Robert Applebaum 38
8 Forgiving Student Loan Debt Would Be Irresponsible Brian Kumnick 45
9 Pell Grants Are Needed to Make America Competitive Pat Garofalo 48
10 Pell Grants Raise the Cost of College and Cause Education Inequality Richard Vedder 52
11 For-Profit Education Resembles the Subprime Mortgage Industry Steven Eisman 60
12 For-Profit Education Does Not Resemble the Subprime Mortgage Industry Harris N. Miller 69
13 Low-Income Students Take on Too Much Debt at For-Profit Colleges Arnold Mitchem 81
14 Excessive Regulation of Student Debt Will Harm Low-Income Students Lanny J. Davis 88
15 Holding For-Profit Colleges More Accountable Helps Low-Income Students Marybeth Gasman 92
16 Student Debt Creates Conditions Much Like Indentured Servitude Jeffrey J. Williams 96
Organizations to Contact 106
Bibliography 110
Index 113
