The Student Loan Documentary
Just a few years after the subprime mortgage crisis, there are ominous signs that the student loan market is on the verge of collapsing, yet another casualty of predatory lending practices. Default
brings this perilous situation into sharp relief, chronicling the stories of borrowers who find themselves in the paralyzing predicament of having to repay far more than what they borrowed -- with no bankruptcy protection, and no recourse under the law. The result is at once an accessible analysis of a mounting economic crisis, and a cautionary tale for students.
A Krotala Films Production. A Film by Sege Bakalian & Aurora Meneghello.
A Krotala Films Production
Directed by Aurora Meneghello
Produced by Serge Bakalian
Written by Serge Bakalian and Aurora Meneghello
Director of Photography: Caio Simbula
Editing: Staci De Gagne
Assistant Director: Gianluca Corinaldesi
Associate Producer: Charlotte von Hemert, Kevin Sullivan
Graphics and Animation: Kalin Stanojev
Original Music: Ben Flanagan
Technical Advisor: Mark Arellano
Executive Producer: David L. Brown
Camera: Caio Simbula, Mark Smith
Additional Camera: Vreje Bakalian, Aurora Meneghello, Maria Victoria Ponce
Post Production Supervisor: Caio Simbula
A Warning to the Next Generation of Student Debtors
Praise for the Film
"Puts a human face on the student debt crisis.
Explains words like 'default' and 'forbearance' through compelling stories. Both a cautionary tale and a call to action."
- Anne Lakas Miller | The Nation
"A trillion dollars of student debt, with nearly $8 billion in default, will likely will be the next bubble to burst in our very fragile economy. Given the statistics, it is easy to lose sight of the individuals whose lives have been upended by astronomical levels of debt coupled with unprecedented levels of unemployment for recent grads. Default
presents a compelling and very personal picture of the looming national crisis of student debt."
- Barbara Dudley | Portland State University
forcefully underscores the failure of our political system to deliver on the promise of affordable higher education for all Americans and brings home the life-changing personal consequences of predatory lending in the private student loan industry."
- Amy Traub | Senior Policy Analyst, DEMOS
"A timely film that should be watched by all students, parents, university administrators/faculty, and all voting citizens."
- Anastasia Wilson | Blogger, Memoirs of an Economics Student
"If you're considering student loans, please watch the following documentary before signing anything."
- Uncommonly Educated blog