The Student Loan Racket

[IndyPragmatist]

[coalition_unwilling]

1. One of the causes behind the so-called American Revolution of

1776 was ending indentured servitude. Now that student loans are no longer dischargeable through bankruptcy and follow debtors to their graves, America has reinstated indentured servitude with a vengeance.

Emphatic K$R.

[Lars39]

2. Thanks for posting this,IndyPragmatist.

wow

[handmade34]

3. also

many not in default are in deferment or forbearance... very, very serious racket... very, very serious problem for society

[malaise]

4. Wow!

Impressive

[woo me with science]

5. K&R

[glowing]

6. With all the money that is spent on military; we could siphon that off

and pay for everyone to have a college or trades education. If one attends a Public University, it should be free. If one wants to attend a private college, the govt would pay the going rate for a public university.. anything over that would have to paid for by the student thru loans, grants, scholarships... There is no good reason society isn't providing education as a tax pd free service. The people who are educated further, are going to provide work back into society throughout their entire lives. To saddle the burden of debt on a young person before they even start out, is disgusting. AND the benefit is society in general for a better educated populace to provide value back into society through their works at companies and in the govt.

It doesn't make any sense to me that education below college level is mandated by the Federal Govt, however, most of the funding for those mandates come directly from local, county, and state monies. During a recession like this one, the only entity that can run a deficit is the US Govt. If the US Govt was paying the teachers, principals, and administrative salaries along with funding any building or improvement construction, then our children wouldn't lose out on an education that is being nickeled and dimed out of them. We could also get rid of school boards, which provide nothing but partisan politics at the expense of kids, so that a politician can use the seat as a stepping stone into bigger and broader seats of corruption. The Texas school boards are literally deciding the material that children across the United States will learn from their text books. Is it any wonder Karl Rove and the Republican goons pay so much attention to the details of small "non-partisan" election seats?

AND because children have no political voice at all, they are easily crushed by evil people who play political games. Keeping sectors of the populace uneducated allows these ass hats to manipulate and lie to them when they are older, working class, voters. Its easier to divide and conquer those who have little analytical or critical thinking skills.