The initial focus of this forum was to join what was then a small movement of activists who were working to illuminate the student lending crisis in this country. That was in 2011. Since then, that particular scam has been well established in mainstream culture.
The government is complicit in allowing banks and "institutions of higher learning" to perpetuate this subprime fraud against its own citizens. Whereas education was once seen as a public good for a healthy, progressive society, it has now become just another commodity for the greedy and corrupt to exploit for their personal gains.
The numbers do not lie. There is over 1 trillion dollars in outstanding student loan debt in the US, and the overpriced degrees which were bought with that borrowed money are not yielding the expected career/salary returns in many cases. Graduates are struggling to repay the loans, and many regret ever buying their degrees in the first place.
This situation is further compounded by the fact there has been little investment in the creation of decent jobs in America. Manipulated job growth numbers spouted by politicians and media do not reflect the reality of America's dwindling job market. An abysmally low federal minimum wage of $7.25 an hour skews the salary scale of all jobs, resulting in substandard salaries in many professions.
The student lending scam, however, is just one aspect of a huge systemic failure, which in truth has been building for a long time. We can no longer pretend our politicians are working to solve these issues. We must engage the rights we still have to address exploitative injustices, before even more of our civil liberties are taken from us.
Posts on this blog will continue to involve topics related to the gutting of America by the corporate machine, and the politicians who serve it.
Blame the oppressors, not the oppressed.
GET INFORMED. GET INVOLVED. TAKE ACTION.