Student loans are not what they used to be. Yet many Babyboomer and older Generation X parents are still telling their children that student debt is “good debt.” In an economy reeling from the 2008 financial crisis, this is wreaking havoc on the lives of many of America’s young people. Parents and college students alike should read Alan Michael Collinge’s sobering account of America’s student debt bubble. This book is a wake-up call that will leave them better informed and far more equipped to make financial decisions for the future.
