A senator said 3 decades ago the student-loan system was broken. Everything has gotten worse since.

College graduate sitting outside.
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Former Sen. Samuel Nunn said three decades ago that the student-loan system might be broken.
Josh Mitchell's new book "The Debt Trap" explains how student-loan companies continue to profit at the expense of borrowers.
The student-debt crisis is even worse today, even as Democrats are enforcing stricter oversight.
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In 1991, a senator called out the deep-rooted flaws in the student-loan system