Friday, May 2, 2014

Abstract and Bibliography


The privatization of certain industries in the attempt to make them more “efficient” and “profitable” for the public often creates a situation where the profit yielded from such shift in market capital provides gains for only the power elite; ultimately at the expense of the public interest. The sustainability of the ongoing privatization of higher public education in America is skeptical. With such educational institutions stuck in the cyclical cycle of trying to cope with the long-term tuition bubble that privatization has created for them, colleges are essentially stuck in a “zero-sum” game while student loan institutions like Sallie Mae profit immensely at the exploitation of such situation. Ultimately, privatization seems to yield only positive gains for a select few while conversely affecting the public negatively.


American Student Assistance Organization. Life Delayed: The Impact of Student Debt on the Daily Lives of Young Americans. Rep. N.p.: ASA, 2012. Print. <>

Bortolotti, Bernardo, and Valentina Milella. Privatization in Western Europe. Publication.  
Milan: U of Turin and Fondazione Eni Enrico Mattei, 2006. Print.

Collinge, Alan Michael. The Student Loan Scam. Beacon Press 2009. Print.

Loonin, Deanne. The Sallie Mae Saga: A Government-Created, Student Debt Fueled Profit Machine. Publication. National Consumer Law Center, Jan. 2014. Web. 1 Feb. 2014. <>.

Lydall, Kathrine C., and Kathleen R. Sell. "The De Facto Privatization of American Public Higher Education." (Jan./Feb. 2006): 6-13.

Meister, Bob. "Debt and Taxes: Can the Financial Industry Save Public Universities?"
Representations 16.1 (Fall 2011): 128-155. Online. 5 Jan. 2014.

Melchionda, Arthur Jr. "Interview of a Mortgage Broker." Personal interview. 10 Apr. 2014.

Nasiripour, Shahien. "Sallie Mae Reduces Disclosure Of Controversial Funding Source."The Huffington Post., 05 Nov. 2013. Web. 06 Mar. 2014. <>.

Renda, Staci Anne. "Interview of College Loan Debtor." E-mail interview. 12 Apr. 2014.

SLM CORPORATION (formerly USA Education, Inc.) (Exact Name of Registrant as Specified in Its Charter). Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Form 10-K to the United States Securities and Exchange Commission. Delaware: Sallie Mae, 2003. Print. Web. <>

Stiglitz, Joseph E. “The 1 Percent’s Problem”. Vanity Fair (May 31, 2012) Print and web. 5 Jan. 2014.

Tomar, Dave.The Shadow Scholar: How I Made a Living Helping College Kids Cheat.
Bloomsbury 2012. Print.

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