For my research paper, my chief case is Sallie Mae, a student loan corporation that takes advantage of American students by charging high interest rates, trying to trap you into default (which they make the majority of their money on), and charging penalties and late fees if you are late or miss payments. Thanks to our government, Sallie Mae has grown out of control. They spend a lucrative amount of money on lobbying in Congress, and as a result, legislation has been favorable towards Sallie Mae. The Bankruptcy Abuse Prevention Act of 2005 made it that even if you were to file for bankruptcy, you would still be liable for your student loans. Even loans guaranteed by the federal government are non dischargeable if you file for bankruptcy. Alan Collinge goes on to say, "The legislation was seen by experts as incontrovertible proof that the student loan industry, more than any other lending industry, held sway over the U.S. Congress" (Collinge 15). This is dangerous, to say the least. Letting Sallie Mae run rampant is the last thing American students need, but our government is full of politicians that only cater towards the needs of their wealthy constituents and industries, so their own wealth may increase. If it comes at the expense of the less-affluent American student, some politicians could care less.
Research on Sallie Mae: The Student Loan Scam, by Alan Collinge, the piece we read early in the semester
Neoliberalism's War on Higher Education, by Henry Giroux, a book that can be found online in the Rutgers Libraries catalogue