Zaloom relies on interviews with children and their families to understand the type of planning that goes into financing higher education and deconstructs the student loan industry, depicting it as a structural issue that transcends planning and financial literacy. She deftly tracks shifts in the student loan industry...and explores how higher education facilitates the tethering of both parents’ and students’ financial futures to creditors, restricting their decisions to those that serve to pay off debt ... If one of this country’s foundational myths is that higher education is a precondition for social mobility, many parents see investing in future generations as one of the few ways to advance. However, by unraveling the student debt complex, Zaloom demonstrates how this path exacerbates preexisting inequalities.
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