The Slavery of Being in Debt
Two quotes that speak volumes from this Bloomberg article:
“Increases in financial aid in recent years have enabled colleges and universities blithely to raise their tuitions, confident that Federal loan subsidies would help cushion the increase,” (William Bennett, education secretary under Reagan) wrote in a 1987 op-ed piece in the New York Times.
“The hope was you get more advanced degrees and get a better job and it just hasn’t panned out that way so far,” Geraldine Brezler said.
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