TruTV made a clever analogy on Federal Student Loans
TruTV’s “Adam Ruins Everything” recently made a video outlining how federal student loans have changed over the years through deregulation.
Using a house party as an analogy, Adam (the show’s main character) talks about the original purpose of the Student Loan Marketing Association (SLMA, or Sallie Mae) and how it has changed. The video cleverly characterizes Sallie Mae as a real person which makes for a great analogy.
Originally set up as a heavily regulated government institution in the Nixon era, the video talks about how privatization had changed the incentives of the company.
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