2012
27 min
1-932869-62-X
![This film has subtitles]()
English
Default
The Student Loan Documentary
Synopsis
Just a few years after the subprime mortgage crisis, there are ominous signs that the student loan market is on the verge of collapsing, yet another casualty of predatory lending practices. Default brings this perilous situation into sharp relief, chronicling the stories of borrowers who find themselves in the paralyzing predicament of having to repay far more than what they borrowed -- with no bankruptcy protection, and no recourse under the law. The result is at once an accessible analysis of a mounting economic crisis, and a cautionary tale for students.
A Krotala Films Production. A Film by Serge Bakalian & Aurora Meneghello.
Release Date:2012
Duration:27 min
ISBN:1-932869-62-X
Subtitles:English
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Praise
"Puts a human face on the student debt crisis. Explains words like 'default' and 'forbearance' through compelling stories. Both a cautionary tale and a call to action."
- Anne Lakas Miller
The Nation Magazine
The Nation Magazine
"A trillion dollars of student debt, with nearly $8 billion in default, will likely will be the next bubble to burst in our very fragile economy. Given the statistics, it is easy to lose sight of the individuals whose lives have been upended by astronomical levels of debt coupled with unprecedented levels of unemployment for recent grads. Default presents a compelling and very personal picture of the looming national crisis of student debt."
- Barbara Dudley
Portland State University
Portland State University
"Default forcefully underscores the failure of our political system to deliver on the promise of affordable higher education for all Americans and brings home the life-changing personal consequences of predatory lending in the private student loan industry."
- Amy Traub
Senior Policy Analyst, DEMOS
Senior Policy Analyst, DEMOS