Students Now Indentured to the Banksters

[Jefferson23]

Never in the history of the developed world has an entire generation had to go into debt just to get an education and a job. Until now.

Back in January, 31-year-old Tony Muzzatti, who at the time owed around $60,000 in student loan debt to Sallie Mae and always made on-time payments, was told that he had to immediately make a payment of $10,000, or face asset seizures.

That's because his grandmother, who also happened to be his cosigner on the student loans, had just died.

Christopher Kibler was also told by Sallie Mae that he had to immediately pay back nearly $22,000 in student loan debts after his father, the cosigner on his loans, had passed away.

http://truth-out.org/opinion/item/23882-students-now-indentured-to-the-banksters

[Orrex]

1. "NOW?" It's been that way for more than a decade, at least.

k/r

[Rhymes With Orange]

2. I think a lot of companies are waiving the requirement of a college degree

for a lot of jobs - my company has. I think this is going to hurt the colleges and they're going to have to dial back their outrageous tuitions.

[woo me with science]

4. K&R