Student loan debt, ‘financial forgiveness’ and the perils of ‘moral hazard’

Can you imagine a country where education is not a human right but a commodity to be bought and sold using debt?  Yes, well America is one such country; there are many, many others (http://sinche.uom.gr/sites/default/files/proj15_ziderman.pdf). With for profit prisons, for profit medical care and for profit, well, for-profit everything when it comes to declaring independence […]

Not quite feudalism, student debt is a peculiarly capitalist form of social control

http://jacobinmag.com/2012/12/the-soul-of-student-debt/ by Chris Maisano Janet Lynn Parker is a middle-aged elementary school art teacher from Arkansas. She graduated in 1991 from Arkansas State University with a degree in art education and $25,000 in student loan debt. Unable to find a job in her field of study, she bounced around from job to job until 1999, […]

Student loan debt driven by corporate mafia

Remember when the mortgage industry and the banks touted home ownership and the “ownership society” as a ticket to the American Dream?  It turned out to be a one way ticket to the American Scheme. The mafia banksters who run the student loan financialization scheme are no different.  Now Obama is touting his 20/20 educational program.  […]

Drive-by predatory colleges put students into debt purgatory and deficits into the stratosphere

Even the supplicant Wall Street Journal can’t turn their head from the crime scene.  If you get under the yellow tape and put on your forensic gloves you will find that Americans now owe more on their student loans than their credit cards and this bodes very badly for both working students and society as […]