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Student Loans: “Best Value”(?!), An Erroneous Idea, and Next Steps — MEDIATBANKRY

“We don’t want loans. We want grants!” —Yours truly, circa 2000s, on paying for college “We are creating a ‘lost generation’ of young adults; they’re overwhelmed by their student loans!” —Recent comment from a friend This article identifies two things that are wrong with our student loan system (Exhibits “A” & “B”) and […]

via Student Loans: “Best Value”(?!), An Erroneous Idea, and Next Steps — MEDIATBANKRY

They should also revise the rules that make it next to impossible to discharge a student loan. If the lenders had to worry about student loan debtors discharging their student loans in the same way they can discharge their taxes they would tighten up their lending standards.

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Propping Up a High-Price Model of Higher Education: In re Pratola — MEDIATBANKRY

By Donald L. Swanson The U.S. Government continues to prop up a high-price model of higher education, forcing students to bear the brunt of such foolishness! News reports are filled these days with student loan crisis stories. We hear how: –“the number of Americans severely behind on payments on federal student loans reached roughly 4.6 million […]

via Propping Up a High-Price Model of Higher Education: In re Pratola — MEDIATBANKRY

The fact that anyone was able to obtain student loans totaling over $500,000 for an undergraduate degree in “interdisciplinary studies” and a graduate degree in “cinema and television production” just shows that student loan lenders do not care about whether or not the “student” can repay the loan as the United States Government (taxpayers) will guarantee that the loan is repaid.  That needs to stop immediately!

 

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young — WEB OF DEBT BLOG

Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors. The advantages of slavery by debt over “chattel” slavery – ownership of humans as a property right – were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil […]

via Student Debt Slavery: Bankrolling Financiers on the Backs of the Young — WEB OF DEBT BLOG

The British and American banking interests have colluded to get as many people as possible into debt slavery.  They are the same banking interests that were going to charge President Abraham Lincoln an interest rate of between 19-24% and this was at a time when the interest rate on United States Treasury bills was around 1%!!!

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young — WEB OF DEBT BLOG

Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors. The advantages of slavery by debt over “chattel” slavery – ownership of humans as a property right – were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil […]

via Student Debt Slavery: Bankrolling Financiers on the Backs of the Young — WEB OF DEBT BLOG

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