Tripe. These idiots knew going in exactly what the deal was. Let’s look at the loan papers. Bet every one of them have the student’s signature. Don’t want to pay it back? Don’t apply for it. These OWS’ers are the worst of the worst. Everday now we are seeing more and more protests by these imbiciles. Sickening.
CUNY/Baruch College Protest
http://www.youtube.com/watch?v=kN7uV3iltno
This part will be pushed, as well as the usual ‘fascist cops hurting peaceful protesters for no reason’ meme:
http://www.youtube.com/watch?v=41hyFRrIQ-U
Background: CUNY meeting on increase
http://www.youtube.com/watch?v=wuVrYsuTf6Q&feature=related
The press pushes the meme:
http://www.nypost.com/p/news/local/manhattan/baruch_students_arrested_tbZhOGneVwDA4ZZ6QH2KoK
http://cityroom.blogs.nytimes.com/2011/11/21/arrests-in-tuition-protest-at-baruch-college/
I don't think ANYONE should borrow money to go to college, I know that 75% of college students are too stupid to be there, AND I know that the cost of college is a bubble inflated by the student loan industry/government program.
BUT
I bet signing up for a student loan does not involve a process that emphasizes full disclosure in the way that, for example, a mortgage loan used to do.
I doubt that most of these obligors "knew exactly what the deal was". And I believe that the colleges and universities that have been greasing these loans for years, to their own profit, share a lot of the blame.