Hot Docs highlights interesting new documentaries we’ve recently added to our collection.
Default: The Student Loan Documentary (DVD 10634) needs little introduction for American University students. Massive student loans, paralyzing debt, and the risk of defaulting or sliding into bankruptcy are real fears. Default tells the stories of students saddled with this financial burden and how they are trying to change the system.
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.