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Flip to Mute
It begins in 1932
the original author pulls back the curtain even further
she realizes that the friends she thought she knew all have something to hide
DEBT TRAP SIZE:Standard Flip to MuteIn 1982, a new executive at Sallie Mae took home the company's financial documents to review. ''You've got to be shitting me,'' he later told the company's CEO. ''This place is a gold mine.'' Over the next four decades, the student loan industry that Sallie Mae and Congress created blew up into a crisis that would submerge a generation of Americans into $1. 5 trillion in student debt. In The Debt Trap, Wall Street Journal reporter Josh Mitchell tells