A new report from the Consumer Financial Protection Bureau notes that Americans now have some $150 billion in private student loan debt. While private loans make up just a fraction of total outstanding student loan debt in the U.S. — which hit $1 trillion last year — they can be especially problematic for borrowers as they usually have higher interest rates and less protections than federal loans. Before the economic crisis, lenders are said to have been "aggressive" in their pursuit of students and often gave them loans beyond what they needed or could afford.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 43 TV shows to watch in 2014
- The latent sexism of the male marriage proposal
- This judge is the reason we're still fighting over net neutrality
- Why the poor can't catch a break on Thanksgiving
- After Ferguson: Stop deferring to the cops
- Is it now OK to have sex with animals?
- Ferguson riots were terrible — but this racist reaction was worse
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The hilarious hypocrisy of Republicans complaining about the imperial presidency
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
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