New Orleans The announcement by Secretary of Education Arne Duncan that student loans will be forgiven from tens of thousands of students who attended Corinthian Colleges, a for-profit company that went belly up last month teaching many invaluable but expensive lessons in finance and apparently fraud. The action is important on many levels, but it is vital to acknowledge …
Tag: Department of Education
Forgiving Interest and Amnesty for Student Debt Fines and Penalties
Toronto A trillion dollars in student debt is on the books in the USA. The Department of Education paid $1.4 billion to bloodsucking debt collection agencies last year. Debt collectors refer to the process as “lip smacking,” an “oil well” of opportunity, and so forth. The government claims it will collect almost 85 cents on …
No Account and No Accountability Charter Schools
New aOrleans Few do not know that New Orleans schools are “ground zero” in the so-called “reform” movement to privatize public school systems with charter schools. With the excuse of Hurricane Katrina the State of Louisiana, which had never run a school (never, ever!) in a wink-and-nod deal took a $20 million federal carrot to …