Read more on this subject: Student Loans/Debt
Opinion Column by Stephen Lendman
Defaulting on Student Loans Can Mean Loss of Jobs
by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)
The following states have laws permitting suspension of professional or driver's licenses of individuals defaulting on student loans – compounding a deplorable racket:
Alaska, Arkansas, California, Florida, Georgia, Hawaii, Illinois, Iowa, Kentucky, Louisiana, Massachusetts, Minnesota, Mississippi, New Mexico, North Dakota, Tennessee, Texas, Virginia and Washington.
Maybe others will join them, part of a great wealth transfer swindle, shifting it inexorably from most Americans to its privileged class, ongoing for years.
The student loan racket is a disturbing government/corporate partnership. Students are exploited for profit. Providers are enriched.
For many, rising tuition and fees make higher education unaffordable. Others need large loans to attend, forced into burdensome debt bondage. For many, it's crushing.