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"I Felt Like I Was Set Up to Fail"

Inside a For-Profit College Nightmare (SLSalon)
posted by box on Jan 26, 2014 - 71 comments

 

Matt Taibbi on the Ripping Off of Young America

Ripping Off Young America: The College-Loan Scandal. "The federal government has made it easier than ever to borrow money for higher education - saddling a generation with crushing debts and inflating a bubble that could bring down the economy."
posted by homunculus on Aug 16, 2013 - 142 comments

A cuckoo clock that only keeps borrowed time

Student loans? WHATEVER Not quite so "dope" when they try to drag you out of your window and kill you. (SLYT)
posted by passerby on May 26, 2013 - 36 comments

The Corporatization Of Higher Education

In 2003, only two colleges charged more than $40,000 a year for tuition, fees, room, and board. Six years later more than two hundred colleges charged that amount. What happened between 2003 and 2009 was the start of the recession. By driving down endowments and giving tax-starved states a reason to cut back their support for higher education, the recession put new pressure on colleges and universities to raise their price. When our current period of slow economic growth will end is anybody’s guess, but even when it does end, colleges and universities will certainly not be rolling back their prices. These days, it is not just the economic climate in which our colleges and universities find themselves that determines what they charge and how they operate; it is their increasing corporatization. If corporatization meant only that colleges and universities were finding ways to be less wasteful, it would be a welcome turn of events. But an altogether different process is going on
[more inside]
posted by the man of twists and turns on Nov 14, 2012 - 69 comments

Grandma's New Financial Problem: College Debt

Grandma's New Financial Problem: College Debt
posted by Quonab on Aug 7, 2012 - 99 comments

Pop! Goes the Law School Bubble

With the number of LSAT test takers in sharp decline, has the law school tuition bubble finally burst?
posted by reenum on Mar 20, 2012 - 79 comments

The Price To Play Its Way

Want your new law school to get accredited by the American Bar Association? Be prepared to jump through some hoops.
posted by reenum on Dec 18, 2011 - 39 comments

There's got to be a better pun than "Class War," right?

The Face of Student Debt: Natalia Antonova stopped paying when she realized that it was the loans or her child. (The response has been telling.) Kristin Rawls demands solidarity. Glenn Reynolds says colleges should pay for defaulters.
"The proportion of freshmen and sophomores at four-year colleges who will default on federal loans over their lifetime is estimated at between 19 and 31 percent, depending on the type of loan and when it was written, the [DOE's] Office of Inspector General wrote in a 2003 audit."(doc)

posted by anotherpanacea on Dec 16, 2011 - 221 comments

What Is Middlebrow?

Dorothy Gambrell of Cat And Girl fame spends an awful lot of time talking about education, class, debt, money, and the hollow promise of aspirational media to discuss how much she hates Good Will Hunting
posted by The Whelk on Sep 22, 2011 - 108 comments

“All our things are right and wrong together. The wave of evil washes all our institutions alike.”

8 Reasons Young Americans Don't Fight Back: How the US Crushed Youth Resistance
posted by allkindsoftime on Aug 12, 2011 - 224 comments

There's no Cure for Student Loans

Since 2005, it has been nearly impossible to discharge student loans in bankruptcy. HR 2028 and S.1102 aim to make private student loans again dischargeable in bankruptcy. [more inside]
posted by gauche on Aug 3, 2011 - 64 comments

The Washington Post's dependence on the government it covers

Put another way, the company that owns The Washington Post is almost entirely at the mercy of the Federal Government and the Obama administration -- the entities which its newspaper ostensibly checks and holds accountable. "By the end of 2010, more than 90 percent of revenue at Kaplan’s biggest division and nearly a third of The Post Co.’s revenue overall came from the U.S. government." The Post Co.'s reliance on the Federal Government extends beyond the source of its revenue; because the industry is so heavily regulated, any animosity from the Government could single-handedly doom the Post Co.'s business... -- Glenn Greenwald examines WaPo's entanglement with for-profit education
posted by hippybear on Apr 12, 2011 - 27 comments

The Student Loan Scam

The Student Loan Scheme: Gateway Drug to Debt Slavery...Americans now owe more on their student loans than they do on credit cards. With for-profit universities under recent scrutiny, many argue that the student loan industry itself is in need of more reform.
posted by thisisdrew on Sep 3, 2010 - 59 comments

Ditch your [student loan] Debt

A short video explaining the new Income Based Repayment going into effect July 1st Your student loans might be more manageable soon. [courtesy of IBRinfo.org].
posted by mecran01 on Jun 11, 2009 - 47 comments

Forgiving Student Loan Debt Would Stimulate Economy

Forgiving student loan debt to stimulate the economy is an idea that seems to be gaining some ground recently. There's a petition, at least two facebook groups, and call to contact your senators and representatives.
posted by sero_venientibus_ossa on Feb 8, 2009 - 322 comments

Sallie Mae is the Devil.

Student Loan Justice. c/o Village Voice. (cf.)
posted by xowie on Jan 27, 2006 - 72 comments

Bye Bye Funding.

CNN reports that the House passed HR 4241 this morning by a narrow vote almost entirely along party lines. This is part of the Republican Party's Operation Offset (previously discussed here) designed to cut spending to counter the deficit, growing by leaps and bounds because of Iraq & Katrina (among other things). Now they'll have to work to reconcile it with the Senate version, SR 1932 (voting record here). You may want to Write your representative to let them know how you feel. You might also want to express your displeasure to the two Dems who didn't vote, considering the bill passed by a margin of 2. [Budget Filter]
posted by papakwanz on Nov 18, 2005 - 48 comments

Student Loan Debt

Is student loan debt destroying your life? Loan indebtedness has increased 66% since 1997. It's hard to feel too sorry for Yale Law grads making $100,000+, but I know real people with salaries in the mid-40s making payments in the range of $1600/mo. (And that's over 30 years.) When will policymakers realize that this is going to have substantial consequences for our economy and quality of life?
posted by MikeB on May 14, 2003 - 127 comments

Student loans suck. What more needs to be said?

Ted Rall says that college loans are killing America. I'm inclined to agree. At just $14,736, I'm on the lighter-side of college loan debt, but being a single father, I have a hard time making a dent. Ted makes some salient points about young adults who are struggling to make money in a recession. They don't work for the Peace Corps, they don't volunteer, etc. Even China criticizes America on our insistence that students endebt themselves to corporations just for education.(via fark)
posted by taumeson on Feb 11, 2003 - 94 comments

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