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Old 08-25-2019, 03:33 PM
 
5,653 posts, read 1,421,224 times
Reputation: 4371

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Not sure if this can be posted because it's a paid site.


https://www.wsj.com/articles/the-gre...am-11566343674

The Great Student-Loan Scam


...
Congress created these nifty plans in 2012 for new borrowers, but then the Obama Administration expanded them retroactively to reduce defaults, buy off millennial voters and disguise the cost of its student-loan takeover. This may be the biggest accounting fraud in history....
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Old 08-25-2019, 04:29 PM
 
897 posts, read 281,684 times
Reputation: 406
cant get to site pay block..try copy and paste
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Old 08-25-2019, 04:33 PM
 
6,682 posts, read 2,028,289 times
Reputation: 6283
Quote:
Originally Posted by Grlzrl View Post
Not sure if this can be posted because it's a paid site.

https://www.wsj.com/articles/the-gre...am-11566343674

The Great Student-Loan Scam
...
Congress created these nifty plans in 2012 for new borrowers, but then the Obama Administration expanded them retroactively to reduce defaults, buy off millennial voters and disguise the cost of its student-loan takeover. This may be the biggest accounting fraud in history....
It may not be a new subject. Can you give us a hint about whether it's about fraud, or interest rates, or government policy, or a stagnant economy, or what?
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Old 08-25-2019, 05:58 PM
 
1,521 posts, read 348,980 times
Reputation: 2239
These days outside of a few select areas of study, the entire higher education system is a scam. Just wait until the taxpayers are on the hook for a large-scale bailout with all of these worthless degrees that are being printed.
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Old 08-25-2019, 06:04 PM
 
10,312 posts, read 6,426,778 times
Reputation: 8564
The real scandal is the cost, but nobody ever writes about that.
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Old 08-25-2019, 06:24 PM
 
13,133 posts, read 4,038,911 times
Reputation: 3934
Quote:
Originally Posted by heart84 View Post
These days outside of a few select areas of study, the entire higher education system is a scam. Just wait until the taxpayers are on the hook for a large-scale bailout with all of these worthless degrees that are being printed.
Higher education, Healthcare, the military industrial complex are scams too
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Old 08-25-2019, 08:26 PM
 
Location: Sonoran Desert
29,564 posts, read 40,065,574 times
Reputation: 18976
This is why we need Elizabeth Warren. All the rest of them are in the pockets of the bankers, CEOs, oligarchs, crooks and and criminals. It is one never-ending scheme from them to fleece working people. She is not perfect, but she is the best friend of the forgotten that's running on either side. If the CEOs hate you then you know you are the side of righteousness.
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Old 08-25-2019, 09:17 PM
 
24,719 posts, read 12,194,231 times
Reputation: 10555
End the student loan program.

Student Debt problem solved.
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Old 08-25-2019, 10:38 PM
 
Location: Upstate NY 🇺🇸
36,305 posts, read 10,777,703 times
Reputation: 34451
Quote:
Originally Posted by Ponderosa View Post
This is why we need Elizabeth Warren. All the rest of them are in the pockets of the bankers, CEOs, oligarchs, crooks and and criminals. It is one never-ending scheme from them to fleece working people. She is not perfect, but she is the best friend of the forgotten that's running on either side. If the CEOs hate you then you know you are the side of righteousness.

Speak for yourself.

There's no greater crook than someone who thinks that everyone is "college material," and that, if they can't afford higher education, then taxpayers should foot the bill.
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Old 08-25-2019, 10:55 PM
 
214 posts, read 45,497 times
Reputation: 291
Quote:
Originally Posted by Delahanty View Post
Speak for yourself.

There's no greater crook than someone who thinks that everyone is "college material," and that, if they can't afford higher education, then taxpayers should foot the bill.

Not everyone is college material of course, but many poor people out there with great GPA's and test scores...shouldn't be denied higher education opportunities due to cost. Can do it cheaply too by community college first 2 years, then an inexpensive state public college last 2 years.



An educated society is a better society.
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