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A senator said 3 decades ago the student-loan system was broken. Everything has gotten worse since.

College graduate sitting outside

Summary List Placement

In 1991, a senator called out the deep-rooted flaws in the student-loan system that caused borrowers to take out debt they could not repay. He said the loan programs might not be salvageable, and three decades later, the flaws he pointed to are even worse. 

The new book by the The Wall Street Journal’s Josh Mitchell, “The Debt Trap,” details how in the early 1990s, former Democratic Sen. Samuel Nunn’s liaison counsel compiled a report that detailed abuses of the student-loan system and for-profit schools.

That counsel, Eleanor Hill, found that the Education Dept. only had three details ⇒

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