It's amazing that the "99%" will protest evil Big Oil or Wall Street, but continue to enslave themselves to a lifetime of student loan debt without the least thought about the greed in Big Education.
A professor friend of mine just returned from a year of teaching in China.
Like so many "elites" he admits that the "real world" is frightening to him so he seeks shelter in the University setting where he can draw a big paycheck without the risks present in the business world.
However, although making 6 figures by pontificating, he admits to sleepless nights of worry about his student loan debts.
Isn't this a little bit like slavery, or at least indentured servitude?
Student education/debt is just like the housing bubble.
Gov't pushes it, universities/teachers push it and banks make the loans.
Location in RE is important, just as the university is important in education.
But, education is the better scam.
Lousy public schools - pay R.E. Tax & private schooling - more expense/debt
Higher inflation rate than medicine and CPI, yet no one says we need to reduce the cost - just give more loans
College isn't enough - you have to go to grad school - more debt
People will send their children to college - more expense for parents & children - more debt
AND, people admire the schools and teachers - it is like loving the person who mugs you.