occupy college campus

you want to RAGE against something.....don't blame the banks that were virtually obligated to grant you those student loans or else be branded racist.....blame your parents for co-signing your future over to the banks....blame your high school guidance counselers for not suggesting less costly alternatives....blames the teachers and professors who command ridiculous salaries and send the costs of higher education soaring.......maybe Columbia,Harvard and all their high prices cousins are not for everyone.....maybe , just maybe some of these kids should have taken a part time job and went to Community College at Night to get a degree......or maybe those who live within their financial means should pay more for everything so we can forgive your student loans.

The amount of student loans taken out last year crossed
the $100 billion mark for the first time and total loans outstanding will exceed
$1 trillion for the first time this year. Americans now owe more on student
loans than on credit cards, reports the Federal Reserve Bank of New York
Students are borrowing twice what they did a decade ago
after adjusting for inflation, the College Board reports. Total outstanding debt
has doubled in the past five years a sharp contrast to consumers reducing
what's owed on home loans and credit cards.Taxpayers and other lenders have little risk of losing
money on the loans, unlike mortgages made during the real estate bubble.
Congress has given the lenders, the government included, broad collection
powers, far greater than those of mortgage or credit card lenders. The debt
can't be shed in bankruptcy
>The credit risk falls on young people who will start
adult life deeper in debt, a burden that could place a drag on the economy in
the future.
Students who borrow too much end up delaying life-cycle
events such as buying a car, buying a home, getting married (and) having
children," says Mark Kantrowitz, publisher of FinAid.org.
"It's going to create a generation of wage slavery," says
Nick Pardini, a Villanova University graduate student in finance who has warned
on a blog for investors that student loans are the next credit bubble — with
borrowers, rather than lenders, as the losers

Full-time undergraduate students borrowed an average
$4,963 in 2010, up 63% from a decade earlier after adjusting for inflation, the
College Board reports. What's happening
The portion of borrowers in
default more than nine months behind on payments rose from 6.7% in 2007 to
8.8% in 2009, according to the most recent federal data.