Education: Students Drown in Debt as Predatory Lenders Bank Billions (g1a2d0017c1)

EDUCATION: STUDENTS DROWN IN DEBT AS PREDATORY LENDERS BANK BILLIONS Global Revolution 1: American Revolution 2: Day 17: Communication 1 3 Oct 2011 (g1a2d0017c1)

Part 1 of 4: Student Loans and Bankruptcy: The new predatory lenders.

“Since the changes to the Bankruptcy Laws in 2005, student loans have really become an issue in the spotlight. As we all know, there is a difference between public and private student loans. Now, private student loans have become one of the most profitable sectors of the student loan market. Additionally, and in response to the 2005 changes to the Bankruptcy Code, private student loans are one of fastest growing segments of the market because private student loans are now non-dischargeable.

Part 2 of 4: Killer Loans: Student loan borrowers drown in debt as lenders make billions.

“A nationwide financial disaster almost as farreaching as the foreclosure crisis is occurring quietly all around us. It has already turned hundreds of thousands if not millions of college-educated people into indentured servants, trapped in debt. The effects on their lives are crippling, and the broader economy suffers as the income of a large segment of the population is squeezed for interest payments and fees…”

Part 3 of 4: Avoiding Predatory School Loans.

“Few people associate the words “predatory lending” with college students and school loans, but predatory lending in the area of student loans is a growing concern. Alan Collinge points out in his book ‘The Student Loan Scam: The Most Oppressive Debt in U.S. History and How We Can Fight Back’ that the default rate for student loans ranges from 19% at four-year public colleges to 51% at private, for-profit colleges. When default rates on any type of loan is that high, it’s usually a dead giveaway that there’s something wrong with the lending, not the borrowers.”

Part 4 of 4: College Conspiracy ( Video)

“College education is the largest scam in U.S. history!”


Anonymous: The Bankers Are The Problem


I am not Anonymous. I am an American.

I am not just a Consumer. I am a Citizen.

I will no longer be labeled Left or Right, Liberal or Conservative, Demopublican or Republocrat.

I will no longer follow Puppets labeled Left or Right, Liberal or Conservative, Demopublican or Republocrat.

I am the People. And I am coming for the Puppetmasters.

I am part of the 99 Percent. And I demand the following:

1. End the Fed.

2. Reverse Citizens United.

3. Repeal PATRIOT Act.

4. Expose 9/11 Truth.

5. End Profit Wars.

6. Refund Taxpayer Trillions.

7. Imprison the Kleptocrats.

8. Single Term Limits.


Join the Global Revolution:

Stop the Machine:

Occupy Wall Street:

Occupy Together:

Occupy the Nation:

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Take this Pledge:

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