The Rise of Student Debt in the 1980s

This chapter explores the dramatic increase in student borrowing during the 1980s, detailing how financial institutions and policies shaped the landscape of higher education financing. It discusses the rise of Sallie Mae, the modernized loan processes, and the consequent increase in tuition fees, all while addressing the personal impacts of mounting student debt. Through personal narratives and economic analysis, the chapter reflects on the challenges of student loans and the societal implications for marginalized groups.