Buy Sunk Cost Book by Jillian Berman from book shop
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Home > Society and Social Sciences > Education > Educational administration and organization > Funding of education and student finance > Sunk Cost: Who’s to Blame for the Nation’s Broken Student Loan System and How to Fix It
Sunk Cost: Who’s to Blame for the Nation’s Broken Student Loan System and How to Fix It

Sunk Cost: Who’s to Blame for the Nation’s Broken Student Loan System and How to Fix It


     0     
5
4
3
2
1



Available


X
About the Book

Exposes the forgotten origins of the student loan system, how politicians have attempted to fix it, and the life-altering damage borrowers face.

Student-loan horror stories are a dime a dozen. But students today are faced with a seemingly insurmountable paradox: Research consistently shows that the clearest viable option to financial stability is a college degree. But if and when Americans decide to pursue diplomas, student loan payments quickly follow, and even after securing full-time employment, many borrowers struggle to make ends meet for years. In Sunk Cost, journalist Jillian Berman explores how the nation's student loan program went from a well-intentioned initiative aimed at helping low- and middle-income students afford college to one that traps borrowers in long-term debt.

Berman interviewed dozens of borrowers and policymakers and dug into the archives to unearth the true causes of the student loan problem. A couple of generations ago, policy makers generously subsidized Americans' college educations because they knew it would be advantageous for the entire country: a more educated population meant better quality of life for all. But today, higher education is viewed as an individual goal, so students and their families are expected to be on the hook for it themselves. Berman explains how this enormous shift happened, which industries benefit from it, and what it means for college-going Americans today. She shares real-life stories of college graduates who are being crushed under some of the harshest consequences of the student loan system. These borrowers pursued higher education in hopes of a better life and yet some have been trapped in debt for decades, making it difficult to put food on the table, much less imagine a life beyond debt.

By connecting personal accounts to the policy history of student loans, Berman makes clear that if American society continues to push students toward higher education, but fails to truly subsidize it, the financial strain will become unbearable for all but the most privileged. The current system is broken, but Berman proposes that significant changes are possible, and will require political will from state lawmakers and Congress, along with a philosophical shift, to tackle one of the largest consumer finance challenges of our time.



Table of Contents:
Introduction: How Did We Get Here?
1. The GI Bill: America’s First Try at Subsidizing College Students
2. The Higher Education Act: When a Plan to “Open the Door to Education” Gets Complicated
3. The Pell Grant: What Happens When the Federal Government Cuts Support for College
4. States Pull Back: What Happens When States Cut Support for College Too
5. Credentialization: The Ever-Decreasing Value of a College Degree
6. Income-Driven Repayment: Why a Smart and Compassionate Idea Didn’t Provide Much Help
7. Extraordinary Collection Powers: When a Loan Meant to Help Causes Harm
8. Forgiveness: A Radical Solution Goes Mainstream
Conclusion: Going Forward
Acknowledgments
Notes
Bibliography
Index

About the Author :
Jillian Berman is an award-winning reporter at MarketWatch, where she has covered student debt for a decade. Before her time at MarketWatch, Jillian wrote about food and retail companies at HuffPost. Her work has appeared in the Wall Street Journal, Bloomberg, and USA Today.
 

Review :
"A rigorous and lucid account of an opaque bureaucratic history." "Readers wondering how debt relief became a top-tier political issue should confront the stories in Sunk Cost. It tells the same story as that chart I saw over a decade ago: The system is not working for a sizeable share of borrowers. A new approach to college finance, with substantial new investments, is needed to finally take advantage of higher education’s potential to build stronger lives and a stronger society." "Finally, the kind of reporting that this major economic and social driver of recent American history deserves. Student loan debt is shaping the present and future of America, and Jillian Berman shows how and why."  "We all owe Jillian Berman a huge debt for her years of incisive reporting from the frontlines of the student loan crisis. Now her deep knowledge, insight, and empathy are on full display in this incredible and timely book. Read it to understand how we got here and why we can’t afford not to cancel student debt."


Best Sellers


Product Details
  • ISBN-13: 9780226821153
  • Publisher: The University of Chicago Press
  • Publisher Imprint: University of Chicago Press
  • Height: 229 mm
  • No of Pages: 320
  • Returnable: Y
  • Returnable: Y
  • Sub Title: Who’s to Blame for the Nation’s Broken Student Loan System and How to Fix It
  • Width: 152 mm
  • ISBN-10: 0226821153
  • Publisher Date: 08 Apr 2025
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Returnable: Y
  • Spine Width: 30 mm
  • Weight: 654 gr


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
Sunk Cost: Who’s to Blame for the Nation’s Broken Student Loan System and How to Fix It
The University of Chicago Press -
Sunk Cost: Who’s to Blame for the Nation’s Broken Student Loan System and How to Fix It
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

Sunk Cost: Who’s to Blame for the Nation’s Broken Student Loan System and How to Fix It

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!