Giorgio Bertini
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Tag Archives: student loans
The Student Loan “Debt Bomb”: America’s Next Mortgage-Style Economic Crisis?
Americans now owe more on student loans than on credit cards. The amount of student borrowing crossed the $100 billion threshold for the first time in 2010 and total outstanding loans and exceeded $1 trillion for the first time last … Continue reading
College has been oversold
Educated people have higher wages and lower unemployment rates than the less educated so why are college students at Occupy Wall Street protests around the country demanding forgiveness for crushing student debt? The sluggish economy is tough on everyone but … Continue reading
Posted in Higher education, Student loans, Students debts, University
Tagged higher education, student debts, student loans, university
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Just Don’t Go, the Sequel?
This brings me to my second point, the massive increase in student debt, triggered in a large part by the fact that college tuition continues to rise at a rate much higher than the cost of living. According to CNN, … Continue reading
Posted in Higher education, Student loans, Students debts, University
Tagged higher education, student debts, student loans, university
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Occupy College
The debt-for-diploma system is just one of the many ways it has gotten harder for this generation to either work or educate their way into the middle class. A handmade sign at Zuccotti Park summed it up perfectly: “I went … Continue reading
Goldman Sachs foray into Higher Education – A Predatory Pursuit of Students and Revenues
Just as the subprime mortgage bubble was giving way to a bust that would help trigger a devastating financial crisis, Goldman Sachs, a firm that had been at the center of Wall Street’s rampant mortgage speculation, found its way to … Continue reading
Posted in Banks, Education, Educational system, Higher education, Student loans
Tagged banks, education, higher education, student loans
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Exposing the Student Loan Racket (Infographic)
Student loan debt, now at $830 billion, has surpassed credit card debt—a statement unheard of 20 years ago. Student loans, unlike any other form of debt, Cannot be forgiven via bankruptcy—these loans MUST be repaid. Is this the next bubble … Continue reading
Student-Loan Debt Among Top Occupy Wall Street Concerns
Student-loan debt has continued to grow despite a financial crisis that constrained credit elsewhere, and the increasing burden amid high unemployment is driving at least part of the protests among the Occupy Wall Street movement. Last year, Americans began to … Continue reading
Posted in Movimientos sociales, OWS, Social movements, Student loans
Tagged movimientos sociales, OWS, social movements, student loans
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What I think about Occupy Wall Street
For the last 10 years, I have lamented the way college loans work in this country. If you are able to fill out the immense piles of paperwork you need to fill out to get a loan for your education, … Continue reading
Posted in Debt, Movimientos sociales, OWS, Social movements, Student loans
Tagged debts, movimientos sociales, OWS, social movements, student loans
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Generation in Debt – the University in Default & the Undoing of Campus Life
Last August, student loans surpassed credit cards as the nation’s single largest source of debt, edging ever closer to $1 trillion. For all the moralizing about American consumer debt by both parties, no one dares call higher education a bad … Continue reading
Posted in Debt, Defaults, Estudiantes, Higher education, Student, Student loans, University
Tagged debts, higher education, loans, student loans, students, university
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Is the Near-Trillion-Dollar Student Loan Bubble About to Pop?
Read Student loans have been going up since the recession began–and now defaults are up too. Something has to be done, but what? For years, credit was a substitute for real wage growth in the U.S. And now as that … Continue reading
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