by Richard Vague
"Like our ancient forefathers, we need to reset our economy by offering hard-pressed debtors a jubilee now, not in some utopian future."
SOURCE: Made By History at the Washington Post
Policymakers in the 1960s Laid the Groundwork for the Student Debt Crisis. Policymakers Today Can Undo It.
by Elizabeth Tandy Shermer
"Lawmakers purposefully crafted the Guaranteed Student Loan Program to jump-start a student loan industry — instead of really investing in colleges and universities to keep costs down or forcing them to provide young people with genuinely equal opportunities to enroll."
SOURCE: Chronicle of Higher Education
by Chad Wellmon
The proliferation of student loan debt reflects the acceptance by banks, borrowers, and the federal government of the idea that higher education is transformative and beneficial. Is this ideology bordering on magical thinking?
SOURCE: In These Times
"Organizers say that at least 1,100 students are now actively withholding tuition, and a petition in support of the strike has so far collected more than 4,300 student signatures."
SOURCE: Harvard Magazine
A Harvard Law School initiative to check predatory student lending must contend with the entanglement of federal student lending programs and for-profit education providers, which dates to the Servicemen's Readjustment Act (GI Bill of Rights) of 1944.
by Jim Sleeper
In this conversation between historian Matthew Frye Jacobson and Professor Jim Sleeper, they discuss how to reclaim college from market ideology
SOURCE: The Nation
by Jon Wiener
In America today, people owe more on their student loans than they do on their credit cards. But there’s a simple and elegant way to end this travesty.
Claire Potter is a professor of history at the New School for Public Engagement. She blogs at Tenured Radical for the Chronicle of Higher Education. New York University's 2010 graduating class owed a total of more than $600 million in student loans. It's unlikely the university will forgive them. But NYU has forgiven portions of mortgages they have extended to President John Sexton, other university executives or star faculty - money that has been used to buy properties in Manhattan or vacation homes in the Hamptons.Does this shock you?Or, how about this: Treasury Secretary Jack Lew, a former executive vice president at NYU, received an "exit bonus" of $685,000. Just to put this in perspective, Lew's NYU exit bonus alone would have provided free tuition for 275 undergraduates, or a little more than 17% of the incoming class.
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