"Filmmaker Michael Moore argues in support of Occupy Wall Street protestors angry about high student loan payments. "What a wonderful thing to do to twenty-two-year-olds," says Moore, sarcastically. "Send them out into the world with crushing debt.""
Thank you Michael for bringing this to the public's attention. It's not just the youth either. Lots of older middle aged folks went back to school during this great recession thinking it would improve their chances for jobs. It left them with the prospect of debt for life. Having social security checks offset to pay on a student loan.
ReplyDeleteMichael is very adept at turning over stones to expose nasty secrets ... I have high hopes that he can document this scheme of sub-prime loans which are currently enslaving not only our youth (our future) but also those of us who took proactive steps in this rotten economy to upgrade our skills in the hopes of improving our lives.
ReplyDeleteSpecial attention needs to be paid to for-profit college scams!