The $1.5 Trillion US Student Loan Debt Scam: Schools Get All of the Benefits and Avoid All of the Risk

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US student loan debt stands at $1.5 trillion and cannot be erased through bankruptcy. The youth of America are captives to colleges and universities that hold a monopoly over credentials. A hundred schools have endowments worth over a billion dollars, and are essentially hedge funds that are attached to schools. The money from increased tuition has been spent on beautifying and expanding campuses and hiring more left-leaning administrators. Tucker Carlson suggests that schools should co-sign the loans so that they have a stake in student outcomes.

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Raymond Eaton Recent comment authors
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Raymond Eaton

I have been saying this for years. Universities in my area have gone on a building boom for the last thirty years on the backs of students with often useless degrees.When the fed’s took over college loans it took off on steroids.

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Menaces liées à une dette exponentielle – The Final Wakeup Call – Français

[…] aucun revenu, ont accumulé des dettes énormes. En 2017, la dette d’études totale s’élevait à plus de 1 500 milliards de dollars, soit la deuxième source d’endettement des ménages après les prêts hypothécaires. Tous […]