Wednesday, March 3, 2010

Student loans and debt

It's Time to End the Student Loan Rip-Off (February 25, 2010)
by Charles Hugh Smith

Student loans are a classic simulacrum of "helping the citizenry:" the real purpose is to support bloated bureaucracies and create highly profitable debt instruments.

In 1982 community college was $25 bucks a credit hour. Now C.C. is over $100 an hour.

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