The education establishment lives like the one percent by making predatory loans to unsophisticated student borrowers

NY Times Editorial:

The Student Debt Problem is Worse Than We Imagined

New data shows default rates continued climbing after the mandatory tracking period ended.
They are also doing harm to the economy because these students find it difficult to start a household and become consumers because most of their income is sucked away to pay a heavy debt burden.  Too many of them have also wasted their time in college on victim studies programs rather than on worthwhile educational opportunities for skills that are actually needed.

When Elizabeth Warren is paid like the one percent for teaching one course, there is something wrong with this picture.  Administrators have multiplied and paid themselves handsomely on the backs of the student debt.


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