Screw U

Here's yet another damning clip about for-profits. Please share this post with as many people as you can. The problem, in my view, is bigger than just the for-profits. However, their tactics are despicable and the industry should be obliterated.

Mass Suicide?

Earlier this year J. Devoy raised the question of mass suicide among debtors in a piece entitled (yeah, you guessed it), "Would mass suicide affect student loan practices?"

The title is more than just a little worrisome, especially since I am currently writing a piece on the topic of suicide and suicidal thoughts among student loan debtors. Moreover, the number of emails I am receiving from desperate and suicidal individuals is terrifying. I've discussed the possibility of revolting en masse, and that's good when it comes to collective action. But nobody these days gives a crap about that on the Hill. However, collective suicide should be getting the attention of policymakers. But is it or would it? Probably not. They're too busy cutting deals for the rich. Who gives a shit about the poor and the indentured? Yeah. To hell with us. And I want to thank Roberto Rodriguez for caring  about the indentured educated class, too. Thanks, buddy. It's great to know that you care about our voice. Go. You.

At least Bernie Sanders gives a damned. We have one person inside the Beltway who hasn't been deafened by the roaring motors of lobbyists and cha-ching.

Here's a recap of my previous work on suicide:

-"Suicide Among Debtors: Who's Thought About It?" 

- "For The Indentured Educated Class, Suicidal Thoughts Are Not Merely An Individual Problem"

- "Addendum To The Recent Post On Suicide" 

- "Suicide"

If You Have Borrowed from Sallie Mae Please Read Immediately: Arthur, et al. v. Sallie Mae, Inc.

If your lender is Sallie Mae, I encourage you to read this page carefully. One of my readers sent it to me, and I wish to thank them for that. There might be a settlement against Sallie Mae. Here are a few details about possible class members:

You may be a Class Member if, on or after October 27, 2005 to September 14, 2010, you received a call to a cellular telephone through the use of automated telephone equipment from Sallie Mae or any other affiliate or subsidiary of SLM Corporation.
 

True? 12% of Harvard Business Grad Failing to Repay Their Loans.

So I hear. That's what the wonderful EduBubble recently wrote about. What's worse? Those who went to other business schools (as mentioned in the original article that EduBubble cites)! Also, only 27% of Kaplan students are making their loan payments.

When you think about that paltry percentage and the recent story I wrote, it's beyond cringe worthy.

Biggest Fear: Dying In Some Urine Drenched Old Folks Home

When working on the topic of death, in this case suicidal thoughts expressed by student loan debtors, it seems inevitable that my own thoughts have turned to imagining my own mortality.

While I do not share the thoughts of those who, sadly, have felt suicidal because of their debt (in one case, as readers will see, a man did decide to take his own life), I certainly am facing a huge fear: dying as an indentured educated servant.

When I was quite young my grandmother suffered from a severe stroke that left her unable to speak for the next 8 years of her life. She lost the ability to move her right arm, and lived in nursing homes the rest of her life. At the end of her life, she wound up in a nursing home that smelled of urine and dirty laundry. Once we arrived in her room, I was terrified by the fact that her roommate, who had short, blueish-gray hair, was covered in urine. Or so it seemed.

That is what I fear the most. Winding up in some despicable nursing home that smells of urine, alone, and still owing interest to the bastards.