Thanks to all of your contributions we were able to finish Default: the Student Loan Documentary last year. The 27-minute film was released on PBS late October 2011 and has since gone on to screen at over 142 public broadcasting stations, screened at over 200 college campuses and events, featured in over 200 media outlets including The [...]
‘Default: The Student Loan Documentary’ Anna Lekas Miller on June 22, 2011 Many students are beginning to realize that a college degree no longer guarantees a white-collar job or middle-class lifestyle. Instead, most recent graduates enter the “real world” only to find a severely underwhelming job market, while saddled with an average of $24,000 in [...]
Fantastic article on the film and what we’re trying to do. Thanks Maureen for the coverage. Meet The Filmmakers Who Are Fighting The Student Loan System – Forbes. J. Maureen Henderson, Contributor Meet The Filmmakers Who Are Fighting The Student Loan System For anyone still paying for their education years after graduating, you could [...]
the film chronicles the stories of borrowers from different backgrounds affected by the student lending industry and their struggles to change the system. No matter when their loans were taken, many borrowers find themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy protection, no cap on fees and penalties and no recourse to the law. The consequences are dire, with stories of borrowers in financial and emotional ruin.