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Debt Slavery

Student Debt Slavery: Bankrolling Financiers On The Backs Of The Young

Sanders, Warren Propose Free Tuition Plan Funded By Tax On Wall Street

Official estimates put the student debt in the United States at more than US$1 trillion.

April 4th, 2017
teleSUR
April 4th, 2017
By teleSUR
Elizabeth Warren, D-Mass. and Bernie Sanders, I-Vt., greet one another during a rally Friday, March 31, 2017, in Boston. (AP/Steven Senne)

Senators Elizabeth Warren and Bernie Sanders, former presidential candidate, along with several other progressive senators introduced a bill that would seek to eliminate college tuition and fees at public four-year colleges and universities in the United States for students from families that make up to US$125,000 a year. “Our job is to bring

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How Wall Street Profits From Public Education While Students Drown In Debt

In this episode of ‘Behind The Headline,’ host Mnar Muhawesh meets Steve Mims, the writer and director of ‘Starving The Beast,’ a documentary about the privatization of college education. He explains that learning is now treated like a profitable commodity rather than a public good.

June 10th, 2016
Mnar Adley
June 10th, 2016
By Mnar Adley

https://www.youtube.com/watch?v=c_QBiwxdfz4 MINNEAPOLIS --- An education crisis largely orchestrated by neoconservatives in both the Republican and Democratic Parties, has left some of the country’s oldest and most prestigious public universities struggling under deep cuts and severe budget shortfalls. Although these cuts are driven

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Amid Student Debt Fight, Corinthian Colleges To Shut Down All Campuses

Company which profited off predatory lending schemes—and government assistance—to displace additional 16,000 students.

April 27th, 2015
Nadia Prupis
April 27th, 2015
By Nadia Prupis

Student loan debt is now the largest form of unsecured debt in the country today, surpassing credit cards and auto loans. (Photo/SMBCollege via Flickr) Corinthian Colleges, the for-profit education system that has come under fire for its predatory student loan schemes, said Sunday it would shut down all of its 28 remaining campuses, roughly

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Sharks Not Life Guards: Lawsuit Targets ‘Predatory’ Student Debt Relief Companies

Illinois to become first state to take on ‘scams’ in court

July 14th, 2014
Sarah Lazare
July 14th, 2014
By Sarah Lazare

Illinois on Monday will be become the first state in the country to file a lawsuit against 'debt settlement' companies that prey on students buried in debt, The New York Times reports. Illinois Attorney General Lisa Madigan is filing two lawsuits against Broadsword Student Advantage LLC, based in Texas, and First American Tax Defense LLC, based

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Chilean Artist, Activist ‘Liberates’ $500 Million Dollars of Student Debt — By Burning It

Artist known as Papas Fritas took debt notes during student takeover of university, burned them to ash.

May 22nd, 2014
Andrea Germanos
May 22nd, 2014
By Andrea Germanos

An artist and activist in Chile has "freed" university students from their student debt by burning $500 million dollars in debt notes. The action last week was the work of visual artist Francisco "Papas Fritas" Tapia, who took the debt notes during a student takeover of the University del Mar, burned them to ashes, and put them on display as an

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Sen. Warren: Allow Student Loan Borrowers To Refinance, Tax Wealthy

WASHINGTON (AP) — Sen. Elizabeth Warren wants the next debate in Congress on student loans to focus on helping borrowers refinance their debt. The Massachusetts Democrat was to file a bill Tuesday that would open the door for potentially millions of recipients of federal loans to refinance at the same rate current recipients can get. […]

May 6th, 2014
Associated Press
May 6th, 2014
By Associated Press

WASHINGTON (AP) — Sen. Elizabeth Warren wants the next debate in Congress on student loans to focus on helping borrowers refinance their debt. The Massachusetts Democrat was to file a bill Tuesday that would open the door for potentially millions of recipients of federal loans to refinance at the same rate current recipients can get.

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