3 ms·

I think the more interesting aspect is how long are we going to keep the choke hold on graduates who are currently drowning in debt and will be for a while. Is

I think the more interesting aspect is how long are we going to keep the choke hold on graduates who are currently drowning in debt and will be for a while. Is it a net win that the Dept of Education gets paid while a substantial chunk of would-be middle class Americans can't purchase cars / houses / children and are generally disincentivized to produce by their $1300/mo debt service? Will we start to see a parade of law suits from former students against their universities? The situation really is absurd.

lintroller 14y ago
> Will we start to see a parade of law suits from former students against their universities? I'm unsure of what legal recourse these students would have. I do not have a legal background, but signing off on a loan seems like a pretty cut and dry matter.
ChristianMarks 14y ago
The 1 Trillion in debt will be used to fund lobbying for additional state and federal budget cuts; outsourcing and off-shoring more jobs; lowering taxes for wealthy corporations; adding to the 1600 companies in 18 states that get to keep some or all of the state withholding taxes their employees pay; raising the cost of medical care and health insurance; and funding think tanks to persuade people to believe that universal health insurance is evil, so that private insurance companies will continue to flourish at the expense of entrepreneurs and to ensure that labor and capital remains immobile.