These Americans fled the country to escape their giant student debt

[delisen]

2. the College loan program -Capitalism Eating the Young

The appetite for low risk and no risk investments is huge.

Why take risks when you can get the government to guarantee your market and your profit and then make common cause with universities to encourage borrowing by people too young and inexperienced to fully comprehend what they are getting into .

The great irony is that the educational courses in economics and finance come after the loan contracts are signed.



Prior to the Growth of the Loan Programs, saving was taught as a Virtue.

When an economy is subject to inflation, deflation, boom and bust encouraging indebtedness for eduction is just wrong.

Banks made lots of money, universities prospered with huge salaries for administrators, and too many students were strapped with debt at the defining of adulthood.