Student Debt Movement Is Getting Democratic Candidates to Respond

  The drumbeat grows louder for candidates to issue a plan to tackle the $1.3 trillion behemoth that is student debt, with former Maryland governor Martin O’Malley issuing his debt-free college solution Wednesday. O’Malley’s proposal comes after Vermont Senator Bernie Sanders issued his own plan, ahead of former Secretary of State Hillary Clinton’s plan promised for later this summer. All the candidates on the Democratic side are going to have to take a stand. Getting candidates to acknowledge the […] Read More

They Said Go To College: “It Seems Something Went Wrong on the Road To Riches”

This article was originally published by James Quinn at The Burning Platform. When I graduated from college in 1986 it was easy to get a job. The economy was booming and 82% of college graduates had a job. The other 18% were probably raising kids because their college educated spouse made enough to raise a family. The mantra for my entire life has been – go to college and you’ll get a good paying job. It seems something went […] Read More

Students Revolt Against Debt. Finally.

We Are Change “Much of higher education is a fraud, and much of the reason higher education is such a huge fraud is the structure of the student loan scam. It’s a three step process. First, students take out loans for educations, not knowing the educations are bogus. Next, the students spend years in bogus schools, getting “educated”. Finally, the students leave the schools… only once they’re many thousands of dollars in debt do they know how they’ve been […] Read More

Student Loans Are Becoming The Most Crippling Debt In America

It’s one of the key facets of the American Dream: if you want to have a great house, beautiful spouse, and that head-turning Mercedes, then you need to get a good education. For many, an education does just that, as it provides them with the training they need to get into the field they are passionate about, to pursue the career that helps them achieve this “ideal” reality. However, there seems to be a much darker side to post-secondary education […] Read More

Even Mark Zandi Admits It: Auto Loan “Credit Quality Is Eroding Now, And Pretty Quickly”

Just 2 days after President Obama reflected on his glorious ‘save’ of the US auto industry – forgetting to explain how so much of this ‘buying frenzy’ has been predicated on massive low-quality-borrower-based credit extensions – The Wall Street Journal bursts the bubble of ‘contained-ness’. Auto loan delinquency rates are surging to levels not seen since 2008 and stunningly, more than 8.4% of borrowers with weak credit scores who took out loans in the first quarter of 2014 had […] Read More

Lenders Can Now Disable Your Car When You’re Driving on the Freeway

People with poor credit are being sold cars with GPS-based kill switches. Imagine this scenario: You’re on an important trip miles from home and stopped in traffic, but before you can continue on your way, your car shuts down. You’ve got enough gas in the tank and no mechanical problems. But you’re stranded far from home because you’re a few days late on your car payment and the lender won’t let you drive until the debt is paid. If […] Read More