Thursday 18 April 2013

Debt News hits the fan: Even the Boomers are screwed over now


Two big scam articles have hit the press. They are about graduate education and not law school as much, but it still shows how widespread the mistaken policy of unlimited and unregulated student loan spigotting (and the academic leeches taking advantage of it) have spread. 

The first one is unbelievable:


She exacerbated her situation by deciding to have a "baby makes two" family in the midst of total debt servitude. There's a bit of "Slut Scam" to this one, where a girl puts out to Alpha-dude/future deadbeat dad, gets knocked up, and the "playa" disappears, and now we are all paying for the illigitimeeto and Baby Momma. Why a single mother decided that society had a great need for Medieval Historians with 'degrees' from an unknown school is unsaid, but we are all paying for her 'education'. Both she and society have been made the worse, but the school got its Danegeld. Society somehow got stuck paying for this disaster.

'I Fully Expect to Die With This Debt' Baby boomers who went back for graduate degrees struggle to pay back their student loans
. . .

The anti-Boomers will love this one. A taste of their own medicine, they will say. Girl looks prematurely aged from the crushing debt and broken promises. The credentialing-and-get-super-job-through-loans scam seems to have Medusa'd her pretty good and turned her into stone. The article mentions several other students who started grad school at an advanced age, which makes their decision (and the money given from the taxpayers due to mistaken student loan policy) even more absurd, and the scam on them more ridiculous. Going to long-term grad school at age 58? Did you really think people would hire you as an entry-level guy who is almost at retirement age?

These totally unsuitable students and "Ph.D. Candidates" just show that they were accepted in order to get that federal loan money, not because anyone wanted, needed, or even otherwise considered "educating" them in some silly over-saturated subject.

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