STUDENT LOAN PROFITEERS
Collection agencies profit. Private lenders profit. Student loan servicers profit. Because of this, the student loan program has failed since its inception in 1965. Decades of workarounds led to lost Constitutional protections so the profiteers would stay happy.
The Education Department profits. If the federal government is not profiting from student loans that have no bankruptcy protection and no statute of limitations, while enjoying unpoliced administrative garnishment rights, something is seriously wrong. The student loan profiteers have been so aggressive that they have created modern day slavery. They have taken student loans outside of the free market. The profiteers are arguing that they are too big to fail now. They control those with and without college degrees.
The Education Department profits. If the federal government is not profiting from student loans that have no bankruptcy protection and no statute of limitations, while enjoying unpoliced administrative garnishment rights, something is seriously wrong. The student loan profiteers have been so aggressive that they have created modern day slavery. They have taken student loans outside of the free market. The profiteers are arguing that they are too big to fail now. They control those with and without college degrees.
who profits?
Latest profiteer news
Subjects: absolute power; affordability; bankruptcy protections; contractors; debt collectors; default; demand; federal government; private lenders; profit centers; revenue; ruffled feathers; schools; social pressure; too big to fail; Wall Street
Federal Employers’ College Degree Requirements
Date | Title and URL | Summary | Keywords |
1/8/2025 College Enrollment Is about to Fall | The number of 18-year-olds is about to drop sharply, packing a wallop for colleges — and the economy https://hechingerreport.org/the-impact-of-this-is-economic-decline/ | College enrollment is about to fall and cause financial losses from colleges competing with each other for fewer students. “The current class of high school seniors is the last before a long decline begins in the number of 18-year-olds…since Americans started having fewer babies at the advent of the Great Recession around the end of 2007.” This is a “long-anticipated drop-off.” We are also expecting “another drop in the number of 18-year-olds beginning in 2033”. And “colleges and universities already collectively experienced a 15 percent decline in enrollment between 2010 and 2021”. Bond-rating agency Fitch “categorized the outlook for the higher education sector as ‘deteriorating’ in January 2025. This creates a buyer’s market, but housing and dining charges are increasing. More colleges closing threatens the economy. We have to keep our edge on innovation and higher education. We now must renew a sense of high college value because this shrinking will have an unprecedented domino effect on the economy. [That was the excuse for removing constitutional protections from student loans.] Colleges have been sources of local pride. They must evolve or die. | |