Lo and behold it's that student loan debt again!

"If I had been one of the crooks who diverted funds out of a savings-and-loan bank in the 1980s, loans insured by the Feds, I would no longer have any obligation to pay those debts by now --- the statute of limitations would have tolled. Indeed, I could have bankrupted on them at any time. But I borrowed a student loan and have no option until the day I die. Fortunately, inasmuch as I am aging and in poor health, neither the Government nor their collection goons is going to be able to get much out of me. It is a pity that the olnly alternative to debt-slavery is death!"

"Student loan borrowers have been unfairly targeted so that the bankers can profit at our expense. There is absolutely no logically fair reason why Student loan repayment is held to such a high standard. They should be dischargeable in bankruptcy, lenders should have to restructure defaulted loans for those who need it and they damn sure should not be allowed to garnish wages without a judgement! Not allowing any kind of restructuring of loans is utterly stupid and counterproductive. It doesn't get the loan paid back. It doesn't help either party. It's merely punitive towards the borrower who took out the loans in hopes that they would find a decent job once they gained an education. In MANY cases this does not happen. When they stop sending jobs overseas and stop expecting folks to actually live and pay bills on $10 an hour, MAYBE we can buy the BS they're selling. (...and I say "they should stop sending jobs overseas, because the corporate crooks are in bed with the legislators who do nothing to help the folks who put them in office!)"

Oh lord, the student loan debt

....and don't you just love how the government wants to BAIL OUT the private loan companies on top of everything else.... Obviously with taking away bankruptcy and wanting to bail out these companies the goverment obviously doesn't care about its citizens, at least not the ones who TRIED to do the right thing and go to college, but obviously failed in a failing economy.

Oh my...what about that student loan?

The US government has bailed out Wall Street and big business repeatedly at the expense of once again low to moderate income American tax payers. It is beyond time for the predatory student loan industry to crumble while students forced to borrow student loans receive relief instead of government sanctioned knighthood into perpetual poverty and credit unworthiness.
A comment...

Race harassment case won

Court Upholds $1M Award in School Race-Harassment Case
By Mark Walsh
on December 3, 2012 5:50 PM A federal appeals court has upheld a $1 million jury award against a small New York state school district found to be deliberately indifferent to persistent racial harassment of a high school student by his peers. A three-judge panel of the U.S. Court of Appeals for the 2nd Circuit, in New York City, ruled unanimously in favor of the family of Anthony Zeno, who is half-white and half-Latino and is described in court papers as "dark-skinned." Zeno was 16 when his family moved in January 2005 from Long Island to the heavily white community of Pine Plains, in Dutchess County, N.Y. At Stissing Mountain High School, where racial minorities were less than 5 percent of the student enrollment, Zeno quickly encountered the harassment, including students calling him "nigger" in the halls and telling him to go back where he came from, according to court papers. A student ripped a necklace from Zeno's neck and referred to it as Zeno's "fake rapper bling bling." There were also direct and implied threats aimed at Zeno, and references to lynching.

Social media tells the truth what happened at Hamburg school district teachers vote down APPR

January 12, 2013- The Hamburg Teacher's Association (HTA) voted overwhelmingly on Friday to turn down the district's APPR plan. The vote results were announced by Superintendent Steven Achramovitch, at special meeting of the Hamburg Central School District Board of Education, at the administrative building, at 4:30 P.M. The substance of the meeting is as follows:

Hamburg teachers say no confidence in super or board

The Vote was a Vote of No Confidence Against
Achramovitch While it is true that the Hamburg teachers are opposed to state testing being used to evaluate them, Achramovitch being the judge and jury in the appeals process and APPR in general, most Hamburg teachers voted against APPR because they do not trust Steven Achramovitch. Achramovitch strong armed the teachers into taking a wage freeze last school year by threatening to "cut teachers." Once the teachers agreed Achramovitch laid off most of the teachers anyway. Achramovitch has demonstrated that he can push around the HTA leadership (Mrozek and Garra) but the teachers followed their real leader, C.C., and drew a line in the sand.

Hamburg teachers say no to APPR

Hamburg Teachers: Stop Threatening Us Posted by dianerav The Hamburg (NY) teachers union has refused to agree to a deal on teacher evaluations that would give all power to the superintendent; they want an independent person to make the final judgment when a teacher appeals a bad evaluation. Negotiations broke down when an administrator threatened that teachers would be fired if no agreement was reached. Remember that the deal is about getting $450,000 for the district to comply with

The indentured servant generation

But there’s something special about student loans. Two things, in fact. If you default on your mortgage, the bank gets to take your house. Same thing with an auto loan. And if you can’t pay your credit card bill, you can discharge the debt in bankruptcy. But the lender can’t repossess your degree, and the 2005 bankruptcy bill made it impossible to discharge the debt. So if the labor market recovers in two or three years, we’re going to have a huge cohort of people who’ve been unemployed or underemployed and got delinquent on their loans put into a kind of debt peonage situation where modest increases in wages are clawed back by the need to repay all this old debt. Fair enough, you might say, they did take out the loans. But the standard penalty for taking out a loan you can’t repay is that you declare bankruptcy and become a bad credit risk in the future. That’s not just a way of being nice, it’s a policy response to the fact that forward-looking and backward-looking penalties have different impacts. If past debt makes it harder for you to get a loan today, that has no impact on your incentives to work —it just means you have to be thrifty. But if past debt makes it harder for you to increase your disposable income, it works like a tax that depresses workforce participation

Student Loans
The New Debt Peonage
Student load debts have surpassed credit debts in the United States. Student loan debt outpaced credit card debt for the first time last year and is likely to top a trillion dollars this year as more students go to college and a growing share borrow money to do so. “In the coming years, a lot of people will still be paying off their student loans when it’s time for their kids to go to college,” said Mark Kantrowitz, the publisher of FinAid.org and Fastweb.com, who has compiled the estimates of student debt, including federal and private loans

More on student loans....

If you want to get a name as an economic seer, try this one. The next subprime crisis will come from defaults on student debts, starting with for-profit colleges and rising to the Ivy League. The parallels with housing are striking. In both, the written warnings aren't understood, especially on penalties and interest rates. And in both, it's assumed that what's being bought will rise in value, in one case the real estate, in the other the salaries which will accrue with a degree. One bubble has burst; the second is already losing air. Still, there's a difference. With mortgage defaults, banks seize and resell the home. But if a degree can't be sold, that doesn't deter the banks. They essentially wrote the student loan law, in which the fine-print says they aren't "dischargable."

Student loans the new peonage system....

"Taxpayers and other lenders have little risk of losing money on the loans, unlike mortgages made during the real estate bubble. Congress has given the lenders, the government included, broad collection powers, far greater than those of mortgage or credit card lenders. The debt can’t be shed in bankruptcy. The credit risk falls on young people..."

DC Chancellor to shutter more schools

A protege of former DC Chancellor Michelle Rhee, she took over the DC schools after Rhee stepped down, Kaya Henderson Chancellor is closing more schools, 23, amid community protests.
Kaya obtained most of her early  training in public education in Teach for America and The New Teacher Project Rhee founded to recruit and train teachers for public schools.
DC has become a leader in the charter school movement and schools closed in previous years benefited it, especially after a law passed for charters to take over closed school buildings.

Obama gun control proposal to include ARM police in schools

Obama considering armed cops in schools

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Gov. Cuomo proposes longer school day in state of state address, 2013, Wednesday

If 7:50 am is too early and 4pm not

long enough, try 6 am or 5pm, or extending the school day. What about paying more money to enter a profession that has salary disparities across the nation, would you take a bar-like exam, pay a fee to earn a starting pay of $32, 800 yearly or less in other cities?

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