Wednesday, June 08, 2011

Obama's Department of Education uses "Chicago" style tactics in trying to collect on a defaulted school loan.

Times are tough as we all know. Students are graduating into one of the worst job markets since the great depression. Some experts are predicting that the next bubble crisis will be in the default of school loans. A college grad can't pay back a school loan if he or she doesn't have a job right? I'm not sure how the Department of Education is going to handle the growing problem of school loan defaults, but I hope what they did to a man and his family in Stockton California won't be the beginning of a new "trend" when it comes to them trying to collect on the debt.


Blogger Speedy G said...

The government has completely taken over the student loan market and now seeks to shut down all "private colleges" and thereby consolidate a monopoly on "higher education". Our "disciplinary society" is rapidly becoming a totalitarian "society of control."

8:31 AM  
Anonymous Anonymous said...

What a sad state of affairs. Education should be free or at least affordable to where anyone can afford it. Tuition does not have to be expensive, period. It never used to be this way. As for me, i have to go to school because i have no choice. There is no work around here and i figured if i specialized in a trade then at least i have something, sure i may be in dept for a while but what do you do? If things really get worse here i may just leave the country. I just don't like what is going on here. Selfish motives is what will bring this nation down. Call it greed, hunger for power, control or what ever else one can call it. I really wish we could restructure our education system and in other matters get rid of oil and coal and switch to Thorium and Electric cars, put Solar Panels on every house and commercial structure and move into space where there is plenty of commercialization out there. I know, i am a dreamer.

3:38 PM  
Blogger Speedy G said...

It never used to be this way.

Before the GI Bill? Higher Ed has been a government-money "BUBBLE" since the mid-forties.

Then the socialists/liberals hijacked the tenure/ security and university faculty hiring committees and made it ever more expensive with costs that rose faster than the general rate of inflation.

And now they're targetting the medical profession for destruction as well (Obamacare).

11:08 AM  
Anonymous Anonymous said...

Well, i never gave a specific date as to when but i think as far as education's downfall goes on the overall picture was the 1960s. America was never the same since. There were too many radical changes after that period. Overall i think human greed and control are spread over both parties and even independents. This is a human issue and crosses all political boundaries. Is it any wonder we are becoming a stagnant society and are not going anywhere in terms of good progress.

3:21 PM  

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