The Dark Side of Student Debt: A Lender's Paradise The cost of higher education in the United States has become a pressing concern, threatening to overwhelm not only students but also their families and the economy as a whole.
With average annual tuition costs hovering around $30,000, private student loans have become increasingly attractive to those who cannot or will not rely on federal aid.
Private lenders are proliferating, catering to this demand, but it's essential to examine who benefits most from this arrangement: students struggling to make ends meet or the banks and corporations profiting from their desperation.