I came across this trailer. A few things I did not know on the list of protections that student borrowers are not entitled to. Some of these I did know about others I don’t know what they are like the usury laws.
- Bankruptcy protection
- The right to refinance
- Fair debt & collection practices
- Adherence to usury laws
- Truth in lending requirements.
- Statutes of limitations
I will watch it because I am a documentary junkie, but it has a hint of the current leftist music (characteristically at the end when you fall to your knees at the insight they have just provided…how cheesy) so I hope their solution is not to forgive all loans or something that just does not work in the real world or opens a Pandora’s box.
DEFAULT – The Student Loan Documentary from Default on Vimeo.