Research Blog #7 My Case

My case for this paper is how the transition of higher education from being highly public to being highly privatized has affected student debt. Millions of students every year are affected by debt and it is a growing problem that is increasing at very fast rate. One example that I will use to illustrate this transition of the higher education system is by talking about Sallie Mae which has become the largest private loan provider in the country. I feel that by talking about Sallie Mae and its growth it will help show the reasons why debt is so high in this country and also why privatization is increasing at such a fast rate. This is a perfect way to model the transition because Sallie Mae was a government sponsored entity initially and grew to become a dominant for profit corporation. One very useful source that I will be using to illustrate this is the book "The Student Loan Scam" by Alan Collinge. I will also be relating this to to other for profit institutions and showing the similarities of growth.