Menu

RealEconTV

Business news without the bullshit

The real student loan scam

A welfare program for banks

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

Return on equity: 51%

Student loans are actually a welfare program for banks.

Investigative journalist David Cay Johnston lays out how it works.

Decades ago, it was doable - hard, but doable - to work your way through college.

Now thanks to the student loan system, banks get rich, universities feel free to build empires and jack up their raites to insane levels, and students get left holding the bag.

For more Debt videos, click here

See the complete catalog of
real econ tv videos

Legal disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.