Thursday, September 22, 2011

Is the Near-Trillion-Dollar Student Loan Bubble About to Pop?

Is the Near-Trillion-Dollar Student Loan Bubble About to Pop?: "Student loans have been going up since the recession began--and now defaults are up too. Something has to be done, but what?




If you want to take a relation of violent extortion, sheer power, and turn it into something moral, and most of all, make it seem like the victims are to blame, you turn it into a relation of debt.” -- Economic anthropologist David Graeber, author of Debt: The First 5,000 Years




Tarah Toney worked two full-time jobs to put herself through college, at McMurry University in Abilene, Texas, and still has $75,000 in debt. She graduated in six years with a Bachelor's in English and wanted to go on to teach high school...."

4 comments:

MotivatedinOhio said...

That is absolutely terrible.  We are really messing up as a country.

Underground Politics said...

It really is. I'm worried about finding a job after I get out because so many companies want you to have 3-5 years of experience :(

MotivatedinOhio said...

People would have to be crazy not to hire you!  You are smart, innovative, and can think on your feet.  Push you way in if you have to, but they will love you as soon as they know you.

Underground Politics said...

I sure hope so! I'm hoping it wont be too hard to find a job considering how many different job skills I have. But there are certain ones that I never want to go back to if I can help it, ie: serving.