The Defense to Repayment for Student Loans and Debt Jubilee

Citizen Wealth Ideas and Issues

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 …

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Forgiving Interest and Amnesty for Student Debt Fines and Penalties

ACORN Canada Citizen Wealth Financial Justice

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 …

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