Unlike most of the school-loan borrowers who make it into the news, the most severely delinquent borrowers tend to have low balances and low monthly payments.
For many universities and colleges, both public and private, it’s their most embarrassing secret—paying educated professionals minimum wage salaries with no benefits.
In what’s been criticized as a modern-day version of indentured servitude, a new batch of start-ups are giving investors the opportunity to turn people into profit by buying a piece of their future earnings. Could this be a solution to our student debt problem?