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Fri May 27, 2016, 09:02 PM

Is Hillary's Personal Story About Student Loans a Fabrication?

http://www.alternet.org/election-2016/hillarys-personal-story-about-student-loans-fabrication

Is Hillary's Personal Story About Student Loans a Fabrication?


by Les Leopold



"I know [student loan forgiveness] works because Bill and I did that. We both borrowed money when we went to law school and we paid it back as a percentage of our income, so I could go to work at the Children's Defense Fund, not some big law firm that would pay me more. I wanted to do the work I loved...I want everyone to have that chance."

Hillary Clinton tells this story to struggling students. She told it to minority students in Mississippi in November 2015, and she recently told it again to minority students in Brooklyn.

Her story makes several important points to attract young people who are flocking to Sanders.

First it offers hope that something practical can be done about crushing student loans. Wouldn't it be great if all student debt payments could be reduced to a percentage of income? She argues that is much more realistic than the Sanders free tuition plan.

Second, it suggests humble origins, and therefore combats the troublesome fact that she recently earned as much from one Wall Street speech as the average worker earns in five years. In this story, Hillary, too, had to amass debt just like other financially struggling students. And only by the good fortune of the Yale Law School debt forgiveness program was she able to work her way out of debt with little difficulty. "Everyone should have that chance."

Third, the story allows Hillary to project an image of selfless public service. The forgiveness program spared her from being forced by her loans to work at "some big law firm that would pay me more."

It's a politically potent story that fits neatly together. Too neatly, I think.

-------

Fact or Fiction?

To me, the odds seem high that Hillary's story is just that, an utter fabrication. In all likelihood, her family had enough income to afford Yale Law School in the early 1970s. At that time, the tuition was well in reach for an upper-middle-class family. (I know several of Hillary's law school classmates from similar backgrounds who accumulated no debt.)

But there's a bigger problem with Hillary's story: The loan forgiveness program she refers to didn't even exist in the early 1970s. Yale Law School literature is quite clear on this:

"Some students dream of jobs in smaller firms, nonprofit organizations, public interest, government service or academia. These are jobs that typically pay less than those at large firms. Yale Law School has pioneered a loan repayment assistance program to allow these students to take their dream jobs without worrying about their student loans.

Established in 1989, the Career Options Assistance Program (COAP) was one of the first loan forgiveness programs of its kind."

1989 is not 1973. Yet doesn't this description sounds similar to the story Hillary tells?


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Reply Is Hillary's Personal Story About Student Loans a Fabrication? (Original post)
Baobab May 2016 OP
hobbit709 May 2016 #1
HooptieWagon May 2016 #2
Juicy_Bellows May 2016 #3
Tal Vez May 2016 #4
hollysmom May 2016 #5
BlueStateLib May 2016 #10
Hoyt May 2016 #6
Press Virginia May 2016 #7
Barack_America May 2016 #8
BlueStateLib May 2016 #9
MyNameGoesHere May 2016 #11
Baobab May 2016 #12

Response to Baobab (Original post)

Fri May 27, 2016, 09:06 PM

1. Were her lips moving? Nuff said.

And back in the 70's, law school at Yale didn't put you $300K in debt to start with.

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Response to Baobab (Original post)

Fri May 27, 2016, 09:09 PM

2. It's probably as true as being named after Sir Edmund Hillary.

 

She makes shit up, she's a habitual liar.

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Response to Baobab (Original post)

Fri May 27, 2016, 09:10 PM

3. It wouldn't surprise me.

She has sold more whoppers to the American public than Burger King.

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Response to Baobab (Original post)

Fri May 27, 2016, 09:13 PM

4. Hmmmmmmmm

Have you checked yet to find out if there really was any kind of Yale Law School debt forgiveness program that preexisted the COAP program? She should be asked if she remembers what floor it was on, etc. And, has she destroyed any of the records (evidence)? Maybe you could write her and ask her about all this.

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Response to Baobab (Original post)

Fri May 27, 2016, 09:17 PM

5. well Clinton and I are about the same age and when I went to college they were mostly free

they were certainly more affordable. My state scholarship was for 500 a semester - just what the state college charged - state scholarships were given out like water at a marathon. I won two other tuition scholarships but the commuting fees to NYC and the time it would take to commute kept me from using them. I can[' think of anyone who took out school loans back them, If you parents wanted to help you they took out a second mortgage. It was a different time. There were not really student loans (that I knew of) or equity lines.
I don't know about the south, but I would be surprised if they had things we did not up north. I wanted to live at college, so I took part time jobs to do that. (cheap in NJ, expensive in NYC)
Now she went to Wellesley and Yale, neither cheap schools, maybe they had some loans people could apply for. I had a friend who got a scholarship to Wellesley, she said most of the girls there were on scholarship. My friend was a child of a single mother and got a scholarship that paid for everything including books.

I did not get an advanced degree (which angered my favorite math teacher oy!), so I do not know the finances of that

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Response to hollysmom (Reply #5)

Fri May 27, 2016, 11:39 PM

10. Yale Law School has never been free

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Response to Baobab (Original post)

Fri May 27, 2016, 09:20 PM

6. Let's just say it's a fabrication for a moment. She's still trying to get across that things can be

 

done to help people with big student loans. That's what I care about, not how she gets the message across. Folks need to focus on what matters, not this kind of BS.

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Response to Baobab (Original post)

Fri May 27, 2016, 10:25 PM

7. Probably why she wanted to join the Marines. Crushing debt, probably under

 

heavy sniper fire on the way to class...she was ready for Lejeune.

She can't help herself when it comes to not telling the truth

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Response to Baobab (Original post)

Fri May 27, 2016, 10:30 PM

8. Sure, why not?

Par for the course.

Does she even remember the truth anymore?

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Response to Baobab (Original post)

Fri May 27, 2016, 11:36 PM

9. The Tuition Postponement Option, known familiarly as TPO, was created in 1971

The approximately 3,300 alumni who signed up for the program were to pay four percent of their annual income for every $1,000 borrowed until the entire groupís debt had been paid
http://yaledailynews.com/blog/2001/03/27/70s-debt-program-finally-ending/


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Response to Baobab (Original post)

Fri May 27, 2016, 11:48 PM

11. You're quite the detective

 

Too bad you're wrong and no facts to back it yup as one researcher downstream proved.

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Response to MyNameGoesHere (Reply #11)

Sat May 28, 2016, 01:23 AM

12. I didnt write the article Les Leopold did.

He says in the article that he's not 100% sure and he mentions that the program which seems to him to be the one she is talking about only started in the 1980s- I have no idea if she lied or not, but I suspect he's likely right because I did know that she came from a well to do family. Not a poor family.

There is no deception on that, the title of the article basically poses the question and it lays out the facts.

You can ask the author, his email is I am sure easy to find.

I suspect its true because going back to that period, college tuitions were substantially lower than today, and as i said, she did come from a well to do family that likely would have had no problem putting her through Yale law School.

Of the two Clintons, Hillary was the one that came from the somewhat wealthy family, Bill didn't.

So i think its extremely unlikely that Hillary needed to borrow money to any great degree to go to college.

There are a number of areas where I already know she's been dishonest. So one more wouldn't surprise me at all.

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