The Debt Shock: How Student Loans Became a National Crisis

Darrell Delamaide's groundbreaking book, The Debt Shock, exposes the hidden truth behind the student loan crisis and its devastating impact on millions of Americans.

A Crippling Burden

In this eye-opening exposé, Delamaide meticulously documents how the cost of college has skyrocketed in recent decades, far outpacing inflation and wage growth. As a result, students and their families are now burdened with unprecedented levels of debt, often exceeding $100,000.

The Consequences of Debt

The consequences of this debt burden are far-reaching and profound. Delamaide reveals how student loan debt is hindering millennials from achieving financial stability, delaying major life milestones such as homeownership and retirement savings. Moreover, the psychological toll of debt is immense, leading to anxiety, depression, and even suicide.

A Broken System

Delamaide meticulously dissects the systemic failures that have contributed to the student loan crisis. He exposes the predatory practices of for-profit colleges, the inadequacy of government oversight, and the complicity of the financial industry.

A Call to Action

The Debt Shock is not merely a diagnosis of the problem; it is a clarion call for action. Delamaide offers concrete solutions to address the crisis, including free public college, student loan forgiveness, and increased regulation of the higher education industry.

Why You Should Read This Book

The Debt Shock is a must-read for anyone concerned about the future of higher education and the well-being of our nation's youth. Delamaide's powerful narrative and compelling evidence make this book an essential tool for understanding and addressing the student loan crisis.

Join the movement to end the student loan crisis. Read The Debt Shock today and demand a better future for our students.