27 replies to this topic

[stocks]

The Student Loan Scam: The Most Oppressive Debt in U.S. History - and How We Can Fight Back

The most shocking part of the book. Describes how numerous personnel of the Dept. of Education are actually former Sallie Mae officers, and instances where university financial aid officials hold stock in student loan companies such as Student Loan Xpress. Also describes kickbacks, donations, luncheons, and gifts paid by student lenders to universities in return for steering their incoming freshmen to those lenders (such as putting them on "preferred lender lists").

http://www.amazon.co...y/dp/0807042293

Colleges Confuse Students With Letters Offering Aid That’s Really Debt

‘Manipulative and Deceptive’

The documents colleges send can be “manipulative and deceptive” because the true costs are hidden, said Greenberg, who has been a counselor for 15 years.

Jamrozik equated the letters to a scavenger hunt.

“You’re just going to be suffering for an eternity to pay off the debt,” he said.


http://www.bloomberg...rce=Patrick.net

[stocks]

Student Debt Bubble Pops As 90+ Day Delinquency Rate Goes Parabolic

There will be no student debt forgiveness because it screws over the big banks and the universities, which are both important parts of the socialist support structure.

What will stun the general public are the two charts below, the first of which shows the amount of 90+ day student loan delinquencies, and the second shows the amount of newly delinquent 30+ day student loan balances. The charts speak for themselves.


http://www.zerohedge...inquency-rate-g

[voltaire]

Student Debt Bubble Pops As 90+ Day Delinquency Rate Goes Parabolic

There will be no student debt forgiveness because it screws over the big banks and the universities, which are both important parts of the socialist support structure.

What will stun the general public are the two charts below, the first of which shows the amount of 90+ day student loan delinquencies, and the second shows the amount of newly delinquent 30+ day student loan balances. The charts speak for themselves.


http://www.zerohedge...inquency-rate-g

Why are you charging students to study?

The economy is based on brain power.

Study needs to be free if you want a skilled workforce.

The whole idea of paying for education is a negative.

Making education free will generate so much more from enterprise than fees will ever do.

Its crazy.

[stocks]

Universities have grown to be a new class of robber barons, stealing from the poor and giving to the well off sinecured and connected bureaucrat. The degree to which university disbursements have become corrupt payoffs and set-asides is carefully papered over by vested interests. If students, parents, and grandparents had a better understanding of what their lives and finances were being ruined to pay for, the outrage would be difficult to contain.

Administrative costs on college campuses are soaring, crowding out instruction at a time of skyrocketing tuition and $1 trillion in outstanding student loans... U.S. universities employed more than 230,000 administrators in 2009, up 60 percent from 1993, or 10 times the rate of growth of the tenured faculty, those with permanent positions and job security, according to U.S. Education Department data

http://alfin2100.blo...ber-barons.html


99 percent of donors from Princeton give to Obama
A total of 157 University faculty and staff members donated directly to the presidential candidates, with only two of those donations going to Gov. Mitt Romney, the records show.



http://www.dailyprin...12/11/06/31697/

[Rogerdodger]

I wondered why the guy in this mug shot looked so...happy.
Then I saw the crime.
Police say OSU student manufacturing ecstasy to fund his education
Chemistry major?

[stocks]

The underemployment problem is particularly severe: A January 2013 paper from the Center for College Affordability and Productivity concluded about 48 percent of employed U.S. college graduates work in jobs that require less than a four-year college education and 37 percent are in jobs that require only a high school diploma.


by 2020 "[t]he number of college graduates is expected to grow by 19 million while the number of jobs requiring a bachelor's degree is expected to grow by fewer than 7 million." This would result in nearly 30 million underemployed college graduates over this decade.


http://www.usnews.co...ent-debt-crisis

[stocks]

The underemployment problem is particularly severe: A January 2013 paper from the Center for College Affordability and Productivity concluded about 48 percent of employed U.S. college graduates work in jobs that require less than a four-year college education and 37 percent are in jobs that require only a high school diploma.


by 2020 "[t]he number of college graduates is expected to grow by 19 million while the number of jobs requiring a bachelor's degree is expected to grow by fewer than 7 million." This would result in nearly 30 million underemployed college graduates over this decade.

American higher education cannot continue down the path it has been on for more than half a century—a path of endlessly increasing costs, enabled by an unlimited supply of federal student loans.

“If something cannot go on forever, it will stop.”

“Debts that can’t be paid, won’t be.”

The applicability of these almost Zen-like adages to the structure of higher education in America helps explain why the Harvard Business School professor Clayton Christensen predicted in 2013 that as many as half of the nation’s universities may go bankrupt in the next 15 years.

Many of America’s institutions of higher education are based on a fundamentally unsustainable social and economic model.


http://www.theatlant...ol-scam/375069/

[Rogerdodger]

It looks like the Chamber of Commerce and it's lackies in Washington have insured a generation of low paid workers as millions more flood into the country.

Fewer US-Born Americans Have Jobs Now Than In 2007

Fewer Americans born in the U.S. have jobs now than were employed to November 2007, despite a working-age population growth of 11 million.
Almost one in every two jobs added since 2009 have gone to foreign-born workers.
Since November 2007, the number of working legal and illegal migrants has risen by two million, from 23.1 million in November 2007 to 25.1 million in November 2014.

Edited by Rogerdodger, 21 December 2014 - 10:24 PM.