VOODOO ECONOMICS: ‘The Third Degree’, Who Got Rich Off the Student Debt Crisis?

RIELPOLITIK

Source – revealnews.org

“…Decades ago, the federal government relinquished direct control of the student loan program, opening its bank to corporations concerned with profits, not diplomas. Private equity companies and Wall Street banks seized on the flow of federal loan dollars by peddling loans that students sometimes could not afford and then collecting fees from the government to hound those students when they defaulted”

(A History of Student Loans Every Student Should Read: Who Got Rich Off the Student Debt Crisis – by James B. Steele and Lance Williams)

A generation ago, Congress privatized a student loan program intended to give more Americans access to higher education.
In its place, lawmakers created another profit center for Wall Street and a system of college finance that has fed the nation’s cycle of inequality. Step by step, Congress has enacted one law after another to make student debt the…

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Author: Grandtrines

Like so many people, I am a paradox. I am a politically conservative vegetarian. I am from a Christian background, and still tend to like those values, but am a metaphysical astrologer trained in science who has an interest in the magic of ancient Egypt and a weird belief that some piece of our essence can live on a server. I live in Texas, but like chatting with my international Wordpress pals the best. I learn by teaching. Technically, I am a "Leo," but I am very, very Aquarian with a dose of Scorpio. I bitterly complain about Algol (and Algol personaliites), yet it is the one star that defines me most (other than Regulus). (Which, oddly, makes me an Algol personality.) I am a reclusive lover of peace and quiet who has the Ascendant in the Via Combusta (the most conflict ridden part of the zodiac). I am an incredibly private person with a blog with over 800 followers and 50 to 150 regular daily visitors. I could go on, but I think you get the picture.

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