Ripping off America - the college loan scandal

<p>Regardless of the facts in the article being right or wrong, this should force some to take a different look at the way education is financed in this country. The evidence that students’ loans only have created the vast increases in tuition is highly debatable. However, the evidence that the education “system” will spend all the money that is made available to it --and then some-- is overwhelming. This is an industry that has never been forced to cut corners and has been entirely developed to benefit the service providers, abusing the fact that its “customers” are transient and that the people who pay the bills are really not interested nor invested in pushing for changes. </p>

<p>And, it would be a mistake to think that the excesses are only at the college level. The only difference is that the pain is felt a tad more directly, through either tuition payments or later repayments of loans. In the K-12 world, the confiscation is immediate and better hidden, as taxpayers are lulled to believe that education is free, and perhaps should stay free through college. The reality is that it DOES cost all, directly or indirectly. </p>

<p>Who is there to blame? Simply stated, none other than ourselves, or better stated the generations that came before us that allowed this cancer to grow through disinterest and indifference. Can you really blame thieves to rob you if you leave the doors open, never count your assets, and that thievery is in the DNA of thieves? </p>

<p>Back to the issue of students’ loans, here is an old story that should still make your blood boil. The story of the good Mister Lord:</p>

<p>[Albert</a> Lord Golf Course | Golfer sets own course - Baltimore Sun](<a href=“Golfer sets own course”>Golfer sets own course)</p>

<p>As you can see, not all the money went to the schools or the government. A lot of it ended up in the pockets of the well-connected and corrupt.</p>