"This outstanding book is a crystal-clear analysis of how and why higher education got captured by the finance industry. It's also the definitive guide for those who want to free themselves and their institutions from the sticky trap set by Wall Street." -Andrew Ross, author of Creditocracy: And the Case for Debt Refusal

"Institutional debt is used to push the rising cost of public college education onto students and their families--predominantly Black, Brown, and white working class--while enriching Wall Street and the wealthy. The result is ever increasing student loan debt ($1.7 trillion as of 2023) as college graduates struggle to pay off their student debt and make a living. It's a textbook case of racialized austerity imposed on an increasingly diverse student population, the effect of which is public colleges and universities that are beholden to bondholders and credit rating agencies, not to the public. It does not have to be this way. In Lend & Rule, the Coalition Against Campus Debt takes on the corporatization of higher ed and makes a definitive case for the urgent role of public higher ed workers' unions to lead--and win. It is a call for action for workers, students, and the public to fight against racial capitalism and for free public higher education for all." --Rotua Lumbantobing, Professor of Economics at Western Connecticut State University and Vice President of American Association of University Professors

"Lend & Rule is the book that university students and workers have been waiting for. It offers a cutting analysis of how institutional debt makes campus jobs worse and how debt erodes the public mission of education by filling the pockets of financiers with tuition dollars from the nation's most exploited students. More than that, Lend & Rule offers a positive vision of how to organize against this status quo and make necessary change towards a truly democratic higher education system." --Andy Hines, author of Outside Literary Studies: Black Criticism and the University and the editor of University Keywords

"Lend & Rule is a shocking exposéeacute; of the debt crisis no one is talking about. Our colleges and universities are buried in institutional debt, with dire consequences for all of us. This dynamite book shows how to look under the financial hood so we can build well-informed movements with the power to win real change. A must read for everyone who cares about higher education." --Astra Taylor, author of The Age of Insecurity: Coming Together as Things Fall Apart

"As a teacher and union leader that bargains with the third largest school district on behalf of half a million students and thirty thousand educators, I know first hand how big banks manipulate school budgets to gain profits at the expense of our students and classrooms. In Lend & Rule, we hear from visionaries in our movement who show us that a different system is possible, one that allows us to grow and develop ourselves and our communities in ways that won't result in the immiseration of the many for the benefit of the few. The book also shows how debt is weaponized and racialized to harm the most marginalized in our society, but when we come together to tax the rich and collectivize our institutions, we can provide the public services and accommodations that we all deserve--for free." --Jackson Potter, Chicago Teachers' Union

"Lend & Rule provides labor organizers, workers, and students in higher education the theoretical analysis and organizing tools we need to transform our public higher education system. Revealing how the 'shadow governance' of financial capitalism works, this book opens up new terrains of struggle for education justice.R