American Higher Education is the classic “bait and switch” scam: the corporations and government sell these young people the notion that a college degree will guarantee them success, and then when these poor souls graduate, there aren’t any jobs in their chosen fields.
And now, finally, young college-degree-holding Americans have had enough. Now, after being conned for four, five or more years, and going into debt for hundreds of thousands of dollars, American university graduates are taking their revenge, on the banks and government, by not paying their student loans.
And I applaud them! Who, in their right mind, would pay for a bait and switch scam like this?
7 Million Americans Are Flat Out Refusing to Pay Their Student Loans Back
AUGUST 9, 2016 | RT.COM | RT.COM
Editor’s Note: This number is going to continue to grow as the jobs continue to shrink and the middle class continues its slow and painful death.
Via The Resident @ RT:
According to a new report by the Wall Street Journal, 7 million Americans are flat-out refusing to pay back their student loans because they feel scammed by their universities and government. They feel like they were told to go to school and are now left with worthless degrees, no jobs, and no prospects for the future. The government has tried many tactics to reach these defaulters, but their efforts have been fruitless for over a year.
(H/T: Activist Post)