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Ripping Off Young America: The College-Loan Scandal

By       Message Matt Taibbi     Permalink
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opednews.com Headlined to H1 8/17/13

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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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http://rollingstone.com/taibbi
Matt Taibbi is an investigative reporter for Rolling Stone magazine

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