2016 Postmortem

reformist2

(9,841 posts) Thu Oct 1, 2015, 08:23 PM Oct 2015

The student loan racket is a $1 trillion business - huge political interests want it to continue.

Never forget who is on the other side of all that borrowed money. Investors collecting interest.

Not only are the 1% not paying for the educations of young Americans, they are profiting from it!

11 replies

= new reply since forum marked as read

Highlight:

The student loan racket is a $1 trillion business - huge political interests want it to continue. (Original Post) reformist2 Oct 2015 OP

HUGE K & R !!! - Thank You !!! WillyT Oct 2015 #1

Ultimately, I think it will be a massive, massive crisis. Bonobo Oct 2015 #2

We need to incentivise higher education, not discourage it. MainSt99 Oct 2015 #3

More. proverbialwisdom Oct 2015 #4

K&R..... daleanime Oct 2015 #5

Hugh! passiveporcupine Oct 2015 #6

Actually, the problem is that people are unwilling to pay the taxes necessary to fund education taught_me_patience Oct 2015 #7

I don't have any money to give!!! The 1% have sucked over half of America dry. They have it ALL. reformist2 Oct 2015 #8

This message was self-deleted by its author Corruption Inc Oct 2015 #9

Bernie has called for free public college education Fearless Oct 2015 #10

Kick and rec for truth. hifiguy Oct 2015 #11

WillyT

(72,631 posts)

1. HUGE K & R !!! - Thank You !!!

Reply to reformist2 (Original post)

Thu Oct 1, 2015, 08:30 PM

Oct 2015

Bonobo

(29,257 posts)

2. Ultimately, I think it will be a massive, massive crisis.

Reply to reformist2 (Original post)

Thu Oct 1, 2015, 08:57 PM

Oct 2015

These loans will crash the economy. It is not sustainable.

MainSt99

(30 posts)

3. We need to incentivise higher education, not discourage it.

Reply to reformist2 (Original post)

Thu Oct 1, 2015, 09:31 PM

Oct 2015

The folks in Germany have the right idea:-- Free higher education to anyone who qualifies academically and is proficient in German. The super wealthy of the US are determined to kill the goose that laid the golden egg. We need to encourage young people who want to get educated. Discouraging them is against the best interests of our Country.

We need more public colleges and universities and far fewer private ones.

proverbialwisdom

(4,959 posts)

4. More.

Reply to reformist2 (Original post)

Thu Oct 1, 2015, 10:59 PM

Oct 2015

http://www.commondreams.org/views/2015/05/26/student-loan-crisis-and-debtfare-state

daleanime

(17,796 posts)

5. K&R.....

Reply to reformist2 (Original post)

Thu Oct 1, 2015, 11:13 PM

Oct 2015

(We need a pitchfork smilie.)

passiveporcupine

(8,175 posts)

6. Hugh!

Reply to reformist2 (Original post)

Thu Oct 1, 2015, 11:16 PM

Oct 2015

K&R this a hugh bunch.

taught_me_patience

(5,477 posts)

7. Actually, the problem is that people are unwilling to pay the taxes necessary to fund education

Reply to reformist2 (Original post)

Thu Oct 1, 2015, 11:36 PM

Oct 2015

making student loans necessary for many seeking a college education. Are you willing to pay more taxes so that college can be cheaper? Or is it only the 1% that should pay more?