: Disproportionately high at for-profit colleges—reaching 52% over 12 years at some institutions.
: The U.S. federal student loan story began with the National Defense Education Act (NDEA) , a response to the Soviet launch of Sputnik. Loans were originally restricted to "essential" fields like engineering and science.
: The Higher Education Act broadened access to encourage social mobility and equal opportunity.
: The Student Loan Marketing Association (Sallie Mae) was formed to create a secondary market for student loans, significantly scaling the available capital. The Private vs. Public Divide
: By 2010, student debt surpassed credit card debt in the U.S., reaching over $830 billion at the time.
: Disproportionately high at for-profit colleges—reaching 52% over 12 years at some institutions.
: The U.S. federal student loan story began with the National Defense Education Act (NDEA) , a response to the Soviet launch of Sputnik. Loans were originally restricted to "essential" fields like engineering and science.
: The Higher Education Act broadened access to encourage social mobility and equal opportunity.
: The Student Loan Marketing Association (Sallie Mae) was formed to create a secondary market for student loans, significantly scaling the available capital. The Private vs. Public Divide
: By 2010, student debt surpassed credit card debt in the U.S., reaching over $830 billion at the time.
