As the student movement grows and rallies around the country, we look at the lenders raking in cash off the backs of the U.S.'s students.
Underneath the now-iconic red sculpture at Liberty Plaza, now cleared of tents and ringed by barricades plastic-cuffed together, several “students” stood draped in fake chains over their caps and gowns, brandishing debt bills instead of diplomas.
They might have been performing, as part of a press conference unveiling a national student debt refusal pledge, but the dramatization of what happens upon graduation to many of America's students was spot-on. Despite a few moves by the Obama administration in past years and even recent months to lessen the burden of student loans, many graduates are still saddled with more debt than they can conceivably pay back and have little hope of finding a good job in the current economy.
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2 comments:
Once again, where does this mentality come from. You took the loan and now you don't want to pay it back because you discovered your philosophy degree is useless in the real world? Tough, live with it, pay it back and go find a job.
I have'nt read anything recently about adjustments in job qualifications.A lot of potential employers have quietly reduced the educational requirements for prospective employees.An increasing number of jobs now fall in the gray area between community colleges and 4 year colleges and universities.Graduates with high octane degrees and huge student loans to pay back always want a higher salary.The current trend is to hire staff without degrees,but with obvious potential.Eventually they would make as much money,but not until they had proven their worth.
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