College debt shows up a lot in these stories, actually. It’s more insistently present than housing debt, or even unemployment. That might speak to the fact that the protests tilt towards the young. But it also speaks, I think, to the fact that college debt represents a special sort of betrayal. We told you that the way to get ahead in America was to get educated. You did it. And now you find yourself in the same place, but buried under debt. You were lied to.
–“Who are the 99 percent?,” Ezra Klein, The Washington Post (via hold-a-wolfs-ears)
The school I attended is being sued by the government for fraud. This isn’t some small-time hack school. It’s the Art Institute, a chain of for-profit colleges with real accreditation and campuses all across the country. They knowingly loaned huge amounts of money to low-income students who they knew could never afford to pay it back. They kept students who they knew didn’t have the skills to get proper job placement in their chosen field. And they happily gobbled up the federal loan money and left these students to the wolves, such as Sallie Mae, who is faced with a class-action lawsuit. They make a profit when students default on their loans.
They didn’t just lie to us. They concocted a scheme to get rich off of our misery. They profit by destroying our lives.
(via amydentata)
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I’m very happy and proud of my education, I voraciously loved learning and what I got out of school is very important to...
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With friends of mine dropping out the Art Institute following the government lawsuit I feel a lot towards the “betrayal”...
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follow Ezra religiously.
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