
Sallie Mae Not is the untold story of how the US Government set up a system of greed that gutted student loans of consumer protections leading to the skyrocketing cost of tuition and indenturing millions through predatory lending.
Rolling Stone’s reporter Matt Taibbi discovers Alan Collinge, author of The Student Loan Scam, a dedicated stalwart who turns from scientist to activist when he is wrongfully thrown into default by Sallie Mae. Collinge warned, in 2006 on 60 Minutes, how this same scheme continued to throw millions of students, parents and colleges over the cliff. No one paid much attention then, and despite today’s headlines of privilege, scandal, greed and blame, the predatory lending system designed to indenture millions remains hiding in plain sight. The decades-old brainchild of Albert Lord, Sallie Mae's CEO, resulted in disproportionately impacting women and people of color. Their voices going unheard by Congress, borrowers must decide when to revolt.
- Runtime40 minutes
- LanguageEnglish
- CountryUnited States
- DirectorMichael Camoin
- ProducerThomas Borgers, Michael Camoin, Anasa Troutman
Sallie Mae Not is the untold story of how the US Government set up a system of greed that gutted student loans of consumer protections leading to the skyrocketing cost of tuition and indenturing millions through predatory lending.
Rolling Stone’s reporter Matt Taibbi discovers Alan Collinge, author of The Student Loan Scam, a dedicated stalwart who turns from scientist to activist when he is wrongfully thrown into default by Sallie Mae. Collinge warned, in 2006 on 60 Minutes, how this same scheme continued to throw millions of students, parents and colleges over the cliff. No one paid much attention then, and despite today’s headlines of privilege, scandal, greed and blame, the predatory lending system designed to indenture millions remains hiding in plain sight. The decades-old brainchild of Albert Lord, Sallie Mae's CEO, resulted in disproportionately impacting women and people of color. Their voices going unheard by Congress, borrowers must decide when to revolt.
- Runtime40 minutes
- LanguageEnglish
- CountryUnited States
- DirectorMichael Camoin
- ProducerThomas Borgers, Michael Camoin, Anasa Troutman
