http://blogs.the-american-interest.com/ ... the-young/
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A sensible and helpful initiative gradually turned into a devouring beast. Many students, of course, still navigate the system with success. They make sensible course decisions at good schools and emerge with skills which raise their earning power. They repay their loans out of that higher earning power, and life goes on.
But it is clear that for large and increasing numbers of students, the system no longer works in this way. They borrow more money than they can repay, or their school experience goes bad and the credential doesn’t work or they fail to earn it and President Obama’s hired debt collectors are turned loose on them to hound them into the grave.
Those who get in trouble, by the way, are disproportionately from poor and minority families, are immigrants, and are the first in their families to attempt higher ed. The young people that President Obama’s debt collectors are hounding most relentlessly are exactly the kind of people he hoped most to help.
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