A non-profit organization dedicated to the eradication of all student loan debt through activism, education, and legislation; because student loan debt is dangerous to the US economy and to the health and well-being of individual Americans and their families. CRYN JOHANNSEN, Founder & Executive Director
7 comments:
I like the word "indentured", except for the fact that indentured servants worked for only seven years to pay off their debts. Those of us who got behind in our payments due to disability or under employement or unemployment are not indentured servants, but slaves, since we will literally be paying until we die.
The broader definition of being indentured can be equated to slavery, Warwick555. I'm not sure where you get the 7 years idea . . . That's not what the term means at all. While someone who is indentured may have the possibility of paying off their debt, that isn't a guarantee. That's why I like the term.
@warwick: seven years is inaccurate, at best. the amount of money you had to pay off could and did vary, and the wages paid to buy your release were often, if not always, incredibly paltry.
I'm not first generation indentured, but I do often feel trapped into work I hate, when I can get it, in hopes of being able to approach my dreams in the future.
Old english common law defined indentured as a 7 year bond.
I am familiar with the concept now. However, that's not the point. It has symbolic meaning, and that's why I've used it as a term. Moreover, I'm not the first to describe our situation as such.
Besides we shouldn't be thinking of it as merely a European concept, and that's exactly what I meant. The term holds different meanings for different periods of time.
indentured = "extortion by judicial process" my meaning!
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