Is this how we want our education system to work? • BRAVE NEW FILMS
Higher education has become a racketeering ring. To earn an upper level degree that could take you to a middle class or upper middle class tax bracket you are effectively in debt for the rest...
========== What gets you into college? Good SAT scores,
high GPA, lots of extracurriculars?Sure! But what you really need is money. [Cash
register sound]If you don't have the cash, you'll need a
loan.And we mean huge student loans because the
cost of college has risen 1,000 percent inthe last 30 years.This means big money for the banks that collect
fees and interest.Now, millions of young people are starting
their adult lives with an average of 29,000dollars of loans on their backs.All together, we're talking 1.2 trillion dollars
in student debt.And more and more people are finding it impossible
to pay them back. Welcome to the student debtcrisis. The increasing demand for higher education
and cuts to state funding gave colleges ahuge incentive to keep in...