Categories

USA and Global Educational Class Divide

student protests in Chile

Mexico City   World news reports on CNN from Mexico City are featuring huge rallies in Chile once again as students push back over increases in costs and other curtailments.  In Quebec several schools have been closed down now in the 12th week of student strikes over the same issues and the [...]

Chinese Banks, Student Loans, Foreclosures, and Political Impasse

Wen Jiabao

New Orleans   Are you kidding me?  The Chinese Premier Wen Jiabao called for breaking up the banks because they are making too much money and charging too much interest.  It turned out he was actually calling for breaking up banks in China, rather than elsewhere, but how refreshing to have a head of [...]

Predatory Student Loan Travesty

New Orleans Ok, one hand is clapping.  There was some progress on student loans under the Obama Administration.  The huge billion dollar scam that was subsidizing banks was kyboshed and federal loans were taken away from the private sector.  Furthermore, President Obama won some limits on payments and implemented some forgiveness programs, especially for public [...]

Laundry List for new Consumer Bureau

New Orleans After much sound and fury the Obama Administration seems to have slipped Professor Elizabeth Warren in through the side door of the White House to setup the new Consumer Financial Protection Bureau.  It’s all confusing since the Bureau is squeezed between the Federal Reserve and Treasury Departments, and Warren herself has been [...]

Demand Affordability for Student Loans

New Orleans Congress is debating real limits on the amount of student aid that they will cover on for-profit colleges, since finally they have the memo that too many for-profits are fleecing the students and they are paying the bill both on the front end with $20 billion in student loans and on the [...]

Campaign to reduce student loan debt

New Orleans When I was in Columbus, Ohio a couple of weeks ago, I was stunned when an organizing colleague, Barbara Clark, told me that 75% of the 300 or so tax returns she had helped do at a VITA site at the Neighborhood House had student loan debts that were [...]