College Confidential - View Single Post - man commits suicide

Atana · 10-20-2007, 06:24 PM

The obvious correlation in this particular case, is yes, there was a decided link between the student loan situation and the death of the individual.
Whether or not there would be a decrease in other such acts, could only be known should that system finally be reformed. But unfortunately, and looking at the problem on an intuitive basis, there will be more of these deaths coming. For the reasons and because of the attendent pressures which have already been mentioned. The one unfortunate death upon which this discussion is hinged, could be a warning of much worse to come. And if this does happen, at what point do we consider financial profit for a limited group being a higher need than social stability?
And there are calls within the collegiate system itself, for these reforms to take place. Recent articles in the Chronicle of Higher Education bear witness to this trend, as do the discussions related to the loan issue on the Chronicle forums. Since the Chronicle of Higher Education is the nee' plus ultra establishment voice of academia, the mere presence of these essays and forum postings indicates how badly the situation has declined. Even within a system which has benefited from these situations and abuses, some know its gone too far.
Concerning national policy, is reform of that such a problem? Or is the situation that national policy in regards to student loans is being unduly influenced by the loan industry itself? These organizations do have substantial power, and hence lobbying access that students, communities, and faculty simply do not have.
For example, many of the SL companies do have ties to the financial organizations involved in the current foreclosure mess. And these corporations in their use of unethical tricks such as conduit financing, played a major role in recent mortgage collapse. And its very interesting that nothing was being done about that problem, until those entities began to lose money. It's profoundly disturbing how quickly the administration did act, once these financial entities made their complaints known. Through insider channels that the rest of us, simply cannot access.
Which reinforces the idea, that national policy, in any number of areas, has become too closely influenced by these companies.

10-20-2007, 06:24 PM	#104
Atana Member Join Date: Oct 2007 Posts: 462	The obvious correlation in this particular case, is yes, there was a decided link between the student loan situation and the death of the individual. Whether or not there would be a decrease in other such acts, could only be known should that system finally be reformed. But unfortunately, and looking at the problem on an intuitive basis, there will be more of these deaths coming. For the reasons and because of the attendent pressures which have already been mentioned. The one unfortunate death upon which this discussion is hinged, could be a warning of much worse to come. And if this does happen, at what point do we consider financial profit for a limited group being a higher need than social stability? And there are calls within the collegiate system itself, for these reforms to take place. Recent articles in the Chronicle of Higher Education bear witness to this trend, as do the discussions related to the loan issue on the Chronicle forums. Since the Chronicle of Higher Education is the nee' plus ultra establishment voice of academia, the mere presence of these essays and forum postings indicates how badly the situation has declined. Even within a system which has benefited from these situations and abuses, some know its gone too far. Concerning national policy, is reform of that such a problem? Or is the situation that national policy in regards to student loans is being unduly influenced by the loan industry itself? These organizations do have substantial power, and hence lobbying access that students, communities, and faculty simply do not have. For example, many of the SL companies do have ties to the financial organizations involved in the current foreclosure mess. And these corporations in their use of unethical tricks such as conduit financing, played a major role in recent mortgage collapse. And its very interesting that nothing was being done about that problem, until those entities began to lose money. It's profoundly disturbing how quickly the administration did act, once these financial entities made their complaints known. Through insider channels that the rest of us, simply cannot access. Which reinforces the idea, that national policy, in any number of areas, has become too closely influenced by these companies. Last edited by Atana; 10-20-2007 at 06:37 PM.
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