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Thread: Serfdom In USA

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    Default Serfdom In USA

    The total amount of debt owed by college students is now $830 billion (597 billion euros) and growing by $3,000(2159 euros) every second. A student loan is something that can never go away,even with bankruptcy.

    American students drowning in debt - RT Top Stories

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    Columbia's Student Loan Scandal Settlement - Gothamist

    Columbia University officials were making money by encouraging there students to get loans to pay for college. Columbia's endowment fund is at $6.5 billion(4.6 billion euros). They could easily give out more scholarships,instead of making students getting loans.

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    Well they do like 'small government' in that country . Welcome to the Corporate state(s) . Down with 'socialism'

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    But the Gov't shouldn't allow abusive loan practices. Its going to cause a bigger bubble burst then the housing bubble.

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    The for profit schools are worse,the defaults were 11.6 percent in the 2008 fiscal year,up from 11 percent in the 2007 fiscal year.

    More alum of for-profit schools can't pay loans | Reuters

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    Everyone is going to college now a days ,for what ???? No jobs ,loadsa debt and degrees that are good for nothing.Time to start producing things and showing young people how to become entrepreneurs and create their own businesses.Instead of the state indoctrinating them on how to get a job with the corrupt banksters their mates in the multinationals ,and the corrupt government lazy public services.
    Quote Originally Posted by TaxHavenSite View Post
    The for profit schools are worse,the defaults were 11.6 percent in the 2008 fiscal year,up from 11 percent in the 2007 fiscal year.

    More alum of for-profit schools can't pay loans | Reuters
    A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.

    WEAVER, HENRY GRADY,

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    What are we supposed to do? Most employers won't hire someone without a college degree. I have a loan that I'm going to spend the rest of my life paying off. I wouldn't trade the security of the job I have, which I wouldn't have gotten without my degrees, for that loan.

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    Well over the next five years they will a great choice of indoctrinated candidates .
    You are right employers won't hire unless you have a few letters behind your name sad put true.
    Quote Originally Posted by WyldeOne View Post
    What are we supposed to do? Most employers won't hire someone without a college degree. I have a loan that I'm going to spend the rest of my life paying off. I wouldn't trade the security of the job I have, which I wouldn't have gotten without my degrees, for that loan.
    A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.

    WEAVER, HENRY GRADY,

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    Quote Originally Posted by TaxHavenSite View Post
    But the Gov't shouldn't allow abusive loan practices. Its going to cause a bigger bubble burst then the housing bubble.
    zomg you want them to interfere in the markets?!?!
    To live honestly, to hurt no one, to give every one his due.

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