Good article. Way to lead the pack at screwing over the taxpayers. http://www.institutionalinvestor.com/article/3498719/asset-management-hedge-funds-and-alternatives/hedge-funds-smell-blood-in-the-student-debt-market.html
14 replies (most recent on top)
609-Ha, nobody cares what geezers think. You stupid fs haven't had anybody tell you the truth in so long you've become complacent, but every one of us millennials see you fat old goat fers for the waste of skin you are. Go die and rid the world of you fat worthless old asses.
556--the "whiny" entitlement jagoffs are Millennials. You are an excellent example. Enjoy living in your parent's attic, f***face. Most in your generation are unsophisticated simpletons who are more concerned about where your next bong hit is coming from than how to make yourselves more marketable in a global economy. Grow-up, snotty twat.
556- then it sounds like the issue is much more than just the cost of education. Don't you think that UOP's initiative to focus on employer tuition assistance and corporate partnerships to increase employee skill set is on the right track? Employers want skilled employees then they should also pay for it. Either in the form of tuition assistance or student loan payback assistance as an employment benefit.
346- You're a moron. Starting wages are down almost 20% since their peak in 2000 and a lot of graduates haven't found work at all since the recession started. Its just plain retarded policy to think a fresh college grad @22-30 years old should be pouring $300 of money for a decade into a black hole of accounting greed versus moving somewhere, saving up to buy a house, and starting a family. The greed of you f***ing moron boomers is destroying the greatest country on earth in a single generation. The forefathers would slap the shit out of every single one of you whiny bitches.
$30k of debt for undergrads is not "mountains" of debt. You're probably talking about $300 a month for 10 years. Grow up and take accountability for your financial decisions. No one told them to take out their max loans each academic year knowing they didn't had to. They CHOSE to with the help of our lenient financial aid rules. Financial aid should not be to support their living expenses. Should be to pay for tuition, books, maybe equipment like a laptop and that's it.
$35B. Nice work, UOP fraudsters. To think there are naive people who think the DoE isn't going rein in this scam? You ain't seen nuttin' yet, UOP scumbags. Clawbacks are coming and so are suspension of federal funds. Long overdue.
Everything you said is right 275, but there are still 15 million people right now trapped against huge burdens of debt that they cannot repay unless they give up all aspects of a normal life. That is neither noble nor American. It shouldn't be the common expectation of society that people who poured years into getting a degree should have to live like peasants their entire life because of this predatory debt scheme. Even something like making corporations pay 2/3 and make workers in a college level job pay 1% to a general education fund would be better. Nobody can afford to lose 10-30% of their income for decades in this economy.
@275--you nailed it. Good job.
Not surprising that UoP climbed to the top and now sits with over 3.6 times the overall debt load ($ 35.5 BILLION) of Walden--with nearly 10 times the number of borrowers. For over half this period, Greg Cappelli has helped steer the school. Under his "leadership" the school moved away from the original concept of college for working adults to a rent seeking (to use the Turlock term oft used by Joseph Stiglitz) monster feeding at the public trough. UoP has become one of the many pieces of the Industry of Misery in America--along with payday loan shops, ambulance chasers, and subprime lenders, to name just a few. Want to recoup some this debt, go after the ship of fools that ran the school and leave the taxpayers off the hook for yet another bailout of financial malfeasance that enriched a few at the expense of many.
@236--courts may find otherwise, dear.
219 - that wouldn't happen.
The biggest fact that matters is that the money will never exist for them to pay it back, everything else is just window dressing.
@210--no, courts should allow students to have some or all of their student loans refunded by the for-profit schools that recruited them. Why screw the Amwrican taxpayer twice? It's my fervent hope that the feds allow for clawbacks against for-profit scam schools.
Maybe the government should bail everyone out. This includes those struggling to find jobs or those in jobs with insufficient salaries to pay back the type of debt even from those at traditionals. I mean why not right? They did it with people in bad mortgages. Why not do it with people in bad student loans??