Sunday, October 31, 2010

College Educated Graduates Who Can't Buy Homes And Can't Have Families

Dr. Housing Bubble wrote a piece about recent college educated graduates who can't buy homes, because they must service their student loan debt. It is encouraging to see this type of post, as I too have written about the subject countless times here at Education Matters. This angle ought to make policy makers stop and think critically about the student lending crisis and how it is affecting the health of the housing industry. I mean, clearly they don't give a damned about the personal stories of suffering, so perhaps we should try to raise awareness about this fact. Moreover, those who would like to own homes are also putting off having children. Whether or not you support the idea of procreation isn't the issue here. In these situations people can't have children as a result of being indentured educated servants to the likes of Sallie Mae and Nelnet. So you have a generation of recent grads who have no purchasing power and who, not by choice, will remain childless. How's that for a healthy and robust middle class?

Wednesday, October 27, 2010

All Education Matters is a 501(c)(4)

It's official! All Education Matters (AEM) is now a 501(c)(4) in the state of Delaware. Hooray! I will be providing everyone with our mission statement and list of Board Members shortly.

Tuesday, October 26, 2010

Addendum To The Recent Post On Suicide

The subject of suicide must be approached with caution and sensitivity, and I want to make it clear that I am sympathetic to those of you who have struggled with suicidal thoughts.

Suicide has been of interest to me lately, precisely because of the desperate emails I've been receiving from indentured educated citizens. My latest piece entitled, "For the Indentured Educated Class, Suicidal Thoughts Are Not Merely A Personal Problem," received a lot of responses, too. I am also asserting that suicide is not merely related to the psychology of specific individuals (that is, of course, a factor), but reflects a larger societal problem as it directly relates to the student lending crisis. In a word, it has sociological implications, and that's why policy makers ought to be paying attention to the matter.

There is something very important that is missing in this conversation, however. I need to clear that up. Are you aware that death provides no discharge in some private loans, and that your co-signer(s) could still be liable? I don't mean to sound insensitive, but want to make this point. Of course, I think suicide is never the answer, and I've made that clear in previous posts on the subject (for instance, see my comments to readers here). In addition, it may also not be a good decision financially, if that is how you are thinking about it.

Saturday, October 23, 2010

Must View Clip

Thanks to Dustin Slaughter for making this great short the night before I left the country. Dustin is one of nine members on the Board of Directors for All Education Matters. On that note, I have filled out the paperwork for incorporating, and am waiting to hear back from my Registered Agent.

Watch his short and share it with others. My work hasn't changed, and the crisis is only worsening.