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Game of Loans
The Rhetoric and Reality of Student Debt
By: Beth Akers, Matthew M. Chingos
Paperback | 29 May 2018
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Why fears about a looming student loan crisis are unfounded-and how they obscure what's really wrong with student lending
College tuition and student debt levels have been rising at an alarming pace for at least two decades. These trends, coupled with an economy weakened by a major recession, have raised serious questions about whether we are headed for a major crisis, with borrowers defaulting on their loans in unprecedented numbers and taxpayers being forced to foot the bill. Game of Loans draws on new evidence to explain why such fears are misplaced-and how the popular myth of a looming crisis has obscured the real problems facing student lending in America.
Bringing needed clarity to an issue that concerns all of us, Beth Akers and Matthew Chingos cut through the sensationalism and misleading rhetoric to make the compelling case that college remains a good investment for most students. They show how, in fact, typical borrowers face affordable debt burdens, and argue that the truly serious cases of financial hardship portrayed in the media are less common than the popular narrative would have us believe. But there are more troubling problems with student loans that don't receive the same attention. They include high rates of avoidable defaults by students who take on loans but don't finish college-the riskiest segment of borrowers-and a dysfunctional market where competition among colleges drives tuition costs up instead of down.
Persuasive and compelling, Game of Loans moves beyond the emotionally charged and politicized talk surrounding student debt, and offers a set of sensible policy proposals that can solve the real problems in student lending.
Industry Reviews
"Successfully aimed at non-economists, [Game of Loansis] clearly written. [It is a] powerful antidote to the stereotypes and myths that have grown up around student loans."---David Wessel, Wall Street Journal
"Game of Loansincludes a clear and concise analysis of college prices and student borrowing patterns over time, filling in holes in a debate often bereft of relevant and reliable data."---Jason Delisle, Education Next
"[Akers and Chingos] provide compelling evidence that paying for the costs of higher education is relatively feasible under the plethora of public financing options available." * AEIdeas *
"Influential."---Stephen Dash, Forbes.com,
"The authors [ofGame of Loans] deserve credit for taking a good hard look at prevailing narratives, such as the one that holds that student loans are causing borrowers to delay major life decisions, such as buying homes or getting married, and building a case that many of those narratives are unfounded."---Jamaal Abdul-Alim, Diverse Magazine
"For many casual observers, the evidence and arguments presented in ...Game of Loanswill be new. And if [you] read [the] book, that could help inform a public debate that's bound to stick around for some time."---Beckie Supiano, Chronicle of Higher Education
ISBN: 9780691181103
ISBN-10: 0691181101
Series: The William G. Bowen Series
Published: 29th May 2018
Format: Paperback
Language: English
Number of Pages: 192
Audience: Professional and Scholarly
Publisher: Princeton University Press
Country of Publication: US
Dimensions (cm): 21.5 x 13.9 x 1.91
Weight (kg): 0.23
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You Can Find This Book In
This product is categorised by
- Non-FictionEducationOrganisation & Management of EducationFunding of Education & Student Finance
- Non-FictionEducationHigher & Further Education
- Non-FictionEducationPhilosophy & Theory of Education
- Non-FictionEducationEducational Strategies & Policy
- Non-FictionEducationCareers GuidanceIndustrial or Vocational Training