Despite today's headlines of privilege, scandal, greed, and blame, the story of student loan crisis remains hiding in plain sight. The US Government set up a system of greed that is sending students, parents and colleges over the cliff. SCARED TO DEBT is a documentary about the predatory lending system designed to indenture millions of Americans. Some will say there exist four main culprits: federal government, financial institutions, universities and borrowers. By design, student loans lack consumer protections, thus, we see borrowers as victims. This key factor has stalled significant growth sectors of the U.S. economy with 44 million borrowers owing $1.6 trillion. You may recall in 2018, Seth Frotman resigned as the student loan ombudsman at the Consumer Financial Protection Bureau. He did so, because 20 to 60 million students and their parents' financial lives are being ruined by predatory lending and other federal government, college and financial institutions' abuses. SCARED TO ...
Michael J. Camoin