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The Scandal of Student Loans

November 2nd, 2012

American higher education is in a crisis; quoting an article  in CNNMoney (Oct. 18, 2012)


Two-thirds of the class of 2011 held student loans upon graduation, and the average borrower owed $26,600, according to a report from the Institute for College Access & Success’ Project on Student Debt. That’s up 5% from 2010 and is the highest level of debt in the seven years the report has been published.


In other words, two-thirds of the graduating class is now held hostage to their debt, required by law to become gainfully employed and devote a major portion of their income to repayment.

What an unconscionable state of affairs.  A college education is more and more necessary for any kind of livable employment.

College students are thus made into wage-slaves, indentured servants upon graduation.

The state–that is, all of us in the national community–are responsible for the education of our populace.A university education, or equivilant techinical education, is a right that needs to be provided by us, the national community, through our elected representative government.



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