At a protest last year at New York University, students called attention to their mounting debt by wearing T-shirts with the amount they owed scribbled across the front — $90,000, $75,000, $20,000.
On the sidelines was a business consultant for the debt collection industry with a different take.
"I couldn't believe the accumulated wealth they represent — for our industry," the consultant, Jerry Ashton, wrote in a column for a trade publication, InsideARM.com. "It was lip-smacking."
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2 comments:
The entire student loan industry is a huge scam upon the American people. Their lobbyists have been able to classify student loans as exempt from bankruptcy action (with bribes, I mean, "campaign contributions" to our "honorable" leaders) and place themselves (as private lenders, in the same debt class as taxes and child support obligations. And please, before all you perfect and pious people tell us how hard you struggled with 3 jobs, 5 kids, two full time jobs, walking 10 miles to school and eating crackers all day in order to get an education without incurring student debt, understand that not all people can lie like that....
I was just talking to a guy yesterday who works for one of these firms.He's made $150,000 in the last 12 months collecting college debt and he is'nt even in management.
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