Ellen Brown: The Unsustainable Burden of Student Debt

Indentured Student - Cartoon

Image by DonkeyHotey via Flickr

with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
November 1, 2018

on Oct 31, 2018

The student debt problem is exploding, growing three times as fast as any other kind of debt, yet the Trump administration is making it more difficult for students to seek debt relief. Ellen Brown of the Public Banking Institute outlines the implications.

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Today’s Students–Slavery by Debt, Part 2 by Ellen Brown

Slaves to Money, Solidarity (9 of 25)

Image by Glenn Halog via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 5, 2018

This is the second in a two-part article on the debt burden America’s students face. Read Part 1 here.

The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells through bankruptcy and walk away. Not so with students. Their loan rates are high and if they cannot pay, their debts are not normally dischargeable in bankruptcy. Rather, the debts compound and can dog them for life, compromising not only their own futures but the economy itself.

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