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Reveal

Reveal

from The Center for Investigative Reporting

student debt

Posted inAccountability, The Trump Era, U.S. Education

Trump no longer appears sympathetic to student debtors

by Lance Williams April 14, 2017April 14, 2017

Two recent moves suggest the administration is helping out the student loan industry at the expense of borrowers.

Posted inUncategorized

GAO: Cost of Education Dept.’s debt relief program off by billions

by Lance Williams November 30, 2016December 2, 2016

The GAO says that the Department of Education’s “income-driven repayment” plans for federal student loans will rack up “government costs of $74 billion” in the upcoming fiscal year.

Posted inU.S. Education

Life and debt: Profiles of people caught in student loan crisis

by Lance Williams November 15, 2016November 29, 2018

More than 8 million borrowers have defaulted on their student loans. For millions more, the financial burden of those loans has altered lives, relationships, even retirements. Here’s a look at how people are coping with their debt.

Posted inU.S. Education

How Corinthian Colleges, a for-profit behemoth, suddenly imploded

by Lance Williams September 20, 2016June 30, 2021

Corinthian Colleges was one of the world’s largest for-profit college chains – and one of the biggest moneymakers. But even in a boom-and-bust business, its closure and bankruptcy in 2015 was a remarkable collapse.

Posted inAccountability, U.S. Education

Who’s getting rich off your student debt?

by Julia B. Chan and Cheryl Devall July 2, 2016July 1, 2021

Just about everyone involved in the student loan industry these days – banks, private investors and even the federal government – makes money off the borrowers. On this episode of Reveal, we explore how this happened and who’s profiting from student debt.

https://d1m3w2qdkx2ozg.cloudfront.net/226WhosGettingRichOffYourStudentDebt.mp3
Posted inUncategorized

The takeaway: How privatization changed the student loan game

by Andy Donohue June 28, 2016June 28, 2016

The highlights of our investigation into how the student loan system – originally created to alleviate poverty and inequality – became a profit center for Wall Street, private investors, even the government.

Posted inUncategorized

Share your student debt story using the hashtag #MyDebtCouldBuy

by Byard Duncan June 28, 2016July 11, 2016

We wanted to inspire a creative way to highlight all that debt – and to build a conversation that puts it out in the open. Which is why we’re launching a new social media campaign today to hear about your experience.

Posted inAccountability

Who got rich off the student debt crisis?

by James B. Steele and Lance Williams June 28, 2016April 28, 2022

Today, just about everyone involved in the student loan industry makes money off students – the banks, private investors, even the federal government.

Posted inMoney and Politics, U.S. Education

In debt and out of hope: Faces of the student loan mess

by Lance Williams June 28, 2016June 30, 2021

Every student’s struggle with student loans tells a different story. Here’s a look at how nine people are coping with their debt.

Posted inMoney and Politics, U.S. Education

How a small-time company became the ‘Wal-Mart of debt collection’

by James B. Steele and Lance Williams June 28, 2016June 30, 2021

Once a family-owned firm, NCO Financial Systems moved into the student loan collection business in 1996 and began buying up other debt collectors – before the Federal Trade Commission cracked down.

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