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The NYT Charts Student Debt Across the Nation

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Posted on May 12, 2012
The New York Times

With data collected by the Institute for College Access and Success, editors at The New York Times created an interactive graph showing annual tuition and fee costs and average graduate debt for a number of American universities.

The graphic provides a map of universities and categorizes colleges by type of ownership, enrollment size, graduation rate, share of graduates with debt and athletic conference and shows data from 2004 through 2010.

An in-depth article surveying the broader social meaning of the data shown in the graph, including its significance for students, their families and the American economy, can be read here. —ARK

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By Kristen_Franks, May 22, 2012 at 10:18 am Link to this comment

Maybe the the 1st question should be asked, what is the amount of student loans now, minus the interest. 2nd question who is reaping the compounding and capitalization of interest benefits & profits? And lastly who in Congress and the Senate-that are interconnected to big corps-have a stake in the profits from defaulted student loans and the compounding interest.

One more note - when did ‘sub-prime economics’ & ‘predatory collection agencies’ become legal, and when did the war begin to wage against the middle and lower classes? When are the American tax dollars going to support the American people and not the government and all the bailouts for their special interest friends & Wall Street.

for more in the Student Loan Debacle: http://studentloandebacle.blogspot.com/

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By Loren Bliss, May 14, 2012 at 8:13 pm Link to this comment

In today’s United States – the homeland of tyrannocapitalism –  college is a scam: perhaps the most vicious scam in our history.

Its victims are driven by the Big Lie a degree will magically give them power to determine their own fates and—perhaps— some ability to change society for the better.

Both beliefs are not just wrong but idiotic: more defining traits of the Moron Nation we have become. 

The victim of the college scam relinquishes any and all control of his or her fate in three ways.

Firstly s/he becomes a debt slave forced by capitalist reality to a lifetime of labor at minimum-wage or marginal-wage jobs (no, Virginia, there will be no economic recovery for the 99 Percent – not unless there is a real revolution). 

Secondly s/he is psychologically traumatized – probably irrecoverably – by the resultant powerlessness, which typically inflicts the ultimate mortification of returning to a family home in which resubmission to oppressive standards such as compulsory chastity and mandatory church attendance is definitively abusive and therefore psychologically ruinous.

Thirdly s/he is eventually terrorized into clinical depression (and not infrequently suicide) by the total (and totally hopeless) reality of postgraduate circumstances. Given the zero-tolerance savagery of capitalism (a new experience in the United States but an old story in the Third World), this reality is eventually recognized as truly inescapable, at which recognition any remaining hope gives way to genuinely bottomless hopelessness – that is, the mindset of a slave. 

Thus the graduate – and any family members who co-signed the student loans – are shackled for the remainder of their (inescapably miserable) lives in the industrialized world’s most methodically oppressed realm. 

As to any notion of changing society, forget it.

Capitalist governance – absolute power and unlimited profit for the Ruling Class; total subjugation for all the rest of us – is defined by the fact the only “change we can believe in” is that our lot will steadily worsen. 

I too was conned into college. Though I had my first daily newspaper job at age 16 and was working as a reporter before my 17th birthday, I was nevertheless constantly urged by my employers to get a degree, and when three years of military service (1959-1962) later paid me the unexpected bonus of the Vietnam Era G.I. Bill, I did just that, graduating with an interdisciplinary BA (mostly sociology, history and art) in 1976.

Alas, by then I was 36 years old, and in one of my most important post-graduate job interviews was rejected as someone who had “not been serious about college-level work” because –  though I (allegedly) had “all the advantages of being a white male” – it nevertheless took me 17 years to graduate.

No, I did not have the huge student debt by which the One Percent has eternally stifled effective student protest. But the time it had taken me to work my way through college and earn my diploma made the sheepskin absolutely worthless in the job market.  Better they had given me the sheep instead: at least I would have been able to eat it.

Indeed, had I known then what I know now, I’d not have bothered with college at all; I’d have gone to sea as a commercial fisherman instead, exactly as I did in 1982 – by which time I finally understood what my shipmates already knew: that unless one is a member of the Ruling Class, college is a malicious scam.

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By Loren Bliss, May 14, 2012 at 3:07 pm Link to this comment
(Unregistered commenter)

In today’s United States – the homeland of tyrannocapitalism –  college is a scam: perhaps the most vicious scam in our history.

Its victims are driven by the Big Lie a degree will magically give them power to determine their own fates and—perhaps— some ability to change society for the better.

Both beliefs are not just wrong but idiotic: more defining traits of the Moron Nation we have become. 

The victim of the college scam relinquishes any and all control of his or her fate in three ways. Firstly s/he becomes a debt slave forced by capitalist reality to a lifetime of labor at minimum-wage or marginal-wage jobs (no, Virginia, there will be no economic recovery for the 99 Percent – not unless there is a real revolution).  Secondly s/he is psychologically traumatized – probably irrecoverably – by the resultant powerlessness, which typically inflicts the ultimate mortification of returning to a family home in which resubmission to oppressive standards such as compulsory chastity and mandatory church attendance is definitively abusive and therefore psychologically ruinous. Thirdly s/he is eventually terrorized into clinical depression (and not infrequently suicide) by the total (and totally hopeless) reality of postgraduate circumstances. Given the zero-tolerance savagery of capitalism (a new experience in the United States but an old story in the Third World), this reality is eventually recognized as truly inescapable, at which recognition any remaining hope gives way to genuinely bottomless hopelessness – that is, the broken mindset of a slave. 

Thus the graduate – and any family members who co-signed the student loans – are shackled for the remainder of their (inescapably miserable) lives.  And as to any notion of changing society – forget it. Capitalist governance – absolute power and unlimited profit for the Ruling Class; total subjugation for all the rest of us – is defined by the fact the only “change we can believe in” is that our lot will steadily worsen. 

I too was conned into college. Though I had my first daily newspaper job at age 16 and was working as a reporter before my 17th birthday, I was nevertheless constantly urged by my employers to get a degree, and when three years of military service (1959-1962) paid off the unexpected bonus of the Vietnam Era G.I. Bill, I did just that, graduating with an interdisciplinary BA (mostly sociology, history and art) in 1976. Alas, by then I was 36 years old, and in one of my first major post-graduate job interviews was rejected as someone who had “not been serious about college-level work” because –  though I (allegedly) had “all the advantages of being a white male” – it nevertheless took me 17 years to graduate.

No, I did not have the huge student debt by which the One Percent has eternally stifled effective student protest. But the time it had taken me to earn my sheepskin made it absolutely worthless in the job market.  Better they had given me the sheep instead: at least I would have been able to eat it. Indeed, had I known then what I know now, I’d not have bothered with college at all; I’d have gone to sea as a commercial fisherman instead, exactly as I did in 1982 – by which time I finally understood what my shipmates already knew: that unless one is Ruling Class, college is a malicious scam.

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THX 1133 is not in the movie...'s avatar

By THX 1133 is not in the movie..., May 13, 2012 at 4:33 am Link to this comment

Addendum;
Please amend; Knowledge is the only path out of
ignorance.
To: Knowledge/awareness is the only path out of
ignorance.

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THX 1133 is not in the movie...'s avatar

By THX 1133 is not in the movie..., May 13, 2012 at 4:29 am Link to this comment

It’s really quite remarkable; double the interest rate
(students can’t afford the present one) and be sure to
make the uni a profit oriented institution.
Hey, welcome to modern times and the new world order.
Ah (chuckle), you thought that was just a ploy.
Higher (sic) education has become a joke so, in a way,
no great loss.
But in another way; the lack of it (higher education)
also condemns us to our baser selves and truly robs all
but the few of knowledge.
Knowledge is the only path out of ignorance.

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