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[delisen]

42. How about scolding the government and banks who sold these loans to teenagers?

They sold these loans to teenagers who trusted them because they were the government and because they were institutions they were taught to admire.

Student Loans made universities rich and banks flush. It also corrupted financial aid departments at universities as they enjoyed gifts from unscrupulous lenders who further saddled students with private loans that are not being forgiven. At the same time large corporations stopped investing in worker training.

It also fueled a despicable private education businesses that saddled students with debt they could never pay off. Many of the students these predatory colleges marketed to were mentally ill.

Civilizations that want to survive don’t eat their seed corn and don’t eat their young.

Germany and other developed countries have been able to produce educated people without impoverishing the individual student. Their companies still invest in training. We have always had the ability to do the same.

Our financial institutions were looking for low risk and no risk business. They were not being capitalists, they were securing guaranteed profits for themselves.

The purpose of education in a democracy or democratic republic is not just to secure a job or provide job training, it is to create thinking citizens. When universities become job factories, education has to still take place elsewhere.