Student loan is crime – Adebayo

Adebayo — in a 2023 opinion piece for *The Guardian* (and later syndicated in other outlets) – argues that the U.S. student‑loan system functions as a predatory scheme that traps borrowers in debt, effectively constituting a form of economic crime. He contends that lenders, the federal government, and for‑profit colleges collude to impose exorbitant interest, aggressive collection practices, and misleading disclosures, violating consumer‑protection laws and exploiting low‑income and minority students. Adebayo calls for sweeping reforms, including debt cancellation, stricter regulation of loan servicers, and criminal investigations into deceptive lending practices. Views Nigeria