Student Loan Crisis
When they say the “federal reserve is loaning the banks money at such and such a rate” they are actually printing that money out of nothing. This is the big scandal they do not want&hellip
Clearly, this debt program is a racket. This special report delves into how lenders, such as Sallie Mae, have incentive to encourage deferments and forbearance, because the loan then begins accruing interest on, not only&hellip
Default: the Student Loan Documentary chronicles the stories of borrowers from different backgrounds affected by the student lending industry and their struggles to change the system. No matter when their loans were taken, many borrowers&hellip
Paul Solman speaks with Activist and author David Graeber on mounting student debt and what history says about paying it back. In the ancient times in the Middle East it was custom to cancel all debt for consumers by the kings, also called a “Jubilee” in other Biblical times.
They are taking direct action against the new loan-backed fees system, which they fear is a ticking debt bomb, and their universities being turned into profit-driven corporations, rather than places to expand the mind.
Student loan debt is now one of the Obama Administration’s biggest cash cows. The government is poised to pocket a record $51 billion profit from federal student loan borrowers this year, according to a report&hellip
According to a report released by the Federal Reserve Bank of New York in February, student loan debt has climbed to $1.16 trillion.
A rumble of legitimate discontent is mounting from the 40 million Americans saddled with student debt totaling $1.16 trillion — a number expected to increase to $2 trillion by 2022. College debt now touches one in five U.S. households and…
Author of “The Student Loan Scam” joins MidPoint to discuss student loan debt in America, the effect student loan debt has on the economy and why his group is fighting for overhaul of the student loan system in America.