by Stephen Lendman
For growing numbers of American youths, higher education is increasingly out of reach. High tuition and fees make it unaffordable. So does a disturbing government/corporate partnership.
Millions of students need financial aid. They’re exploited for profit. Providers are enriched. Higher education involves debt entrapment.
Students graduate tens of thousands of dollars in debt. Some post-graduates face burdens up to $100,000. If unpaid after 30 years, it’s multiples higher. If default or declare bankruptcy, it’s unforgiven. Bondage is permanent until repaid.
Loan providers thrive from defaults. Wages can be garnished. So can unemployment benefits, disability payments, tax refunds, as well as Social Security and other retirement benefits.
A conspiratorial alliance of lenders, guarantors, servicers, and
