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Ripping Off Young America: The College-Loan Scandal

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We're doing the worst thing people can do: lying to our young. Nobody, not even this president, who was swept to victory in large part by the raw enthusiasm of college kids, has the stones to tell the truth: that a lot of them will end up being pawns in a predatory con game designed to extract the equivalent of home-mortgage commitment from 17-year-olds dreaming of impossible careers as nautical archaeologists or orchestra conductors. One former law student I contacted for this story had a nervous breakdown while struggling to pay off six-figure debt. It wasn't until he tapped into one of the few growth industries open to young Americans that his outlook brightened. "I got my life back on track by working for a marijuana delivery service in Manhattan," he says. "I've had to compromise who I am...because I started down a path that I couldn't turn away from. Student loans aren't hope. They're despair."

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Matt Taibbi is an investigative reporter for Rolling Stone magazine

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it misses the key info.  After all, folks fro... by Mark Adams JD/MBA on Saturday, Aug 17, 2013 at 5:53:37 PM
That is the whole point! The game is called bait ... by Paul Repstock on Saturday, Aug 17, 2013 at 11:03:53 PM
Why should someone who borrows money for a vacatio... by S. Juniper on Sunday, Aug 18, 2013 at 10:27:47 AM
whether or not anything is dischargeable now is so... by Mark Adams JD/MBA on Sunday, Aug 18, 2013 at 11:19:05 AM
Whether or not we can (or should) trust computers ... by Jill Herendeen on Sunday, Aug 18, 2013 at 1:15:32 PM
Remember when the term "wilding" ... by Herbert Calhoun on Wednesday, Aug 21, 2013 at 5:04:55 AM
if we lived under a government of, by and for the ... by Mark Adams JD/MBA on Wednesday, Aug 21, 2013 at 9:22:28 AM