Tag Archives: Student loan debt

How to Get Out of Student Loan Debt a.k.a. Indentured Servitude

Loans

An education has become a burden, not an asset to many men in the 21st century

Americans owe over $1 trillion in student loans, an average of $30,000 for every graduate. These loans, unlike any other form of debt, will not be dismissed—even in bankruptcy. Decades ago someone could work summers and put themselves through school. That’s not feasible in modern times because the price of a higher education has risen 500% since 1985, as colleges have been turned into fiefdoms for avaricious administrators.

Ironically, an education system that used to be the gateway to the middle class looks outdated and like a ticket to bondage in the Information Age. It has been manipulated by bankers and politicians in such a way its now designed to turn young men and women into pliable debt slaves, selling them an education that is increasingly worthless as the market becomes saturated with rubber stamps from a magic piece of paper system. Popular media personality Mike Rowe has frequently discussed the insanity of such a system as he pushes the unpopular idea that maybe college education shouldn’t be for everyone.

If we are lending money that ostensibly we don’t have to kids who have no hope of making it back in order to train them for jobs that clearly don’t exist, I might suggest that we’ve gone around the bend a little bit.

Gone around the bend, we have. Nearly half of college graduates are underemployed. According to Rowe, there are 3.9 million blue collar jobs available right now that nobody wants. Jobs in transportation, commerce, and trades. Many of them pay well. The problem is, for generations students have been steered towards a one-size-fits-all idea of what a worthwhile career is while taking on enormous amounts of debt. The brainwashing about the miracles of a college education begins at age five and continues through elementary and high school, when adults pushing these fantasies on kids should know supply and demand economics well enough to figure out not everyone is going to end up with a great job—even if they follow the life plan being pushed on them.

The last couple of years in high school the big topic is college, college, college, pushed by amoral guidance counselors who tell students the only respectable way to make a living is to get a degree and then become a corporate drone for 40 to 50 years. Then, these former students turn 30 years old, deeply in debt and disillusioned before they realize they’ve been had by an education system that only is interested in its own self-aggrandizement.

Market Watch laid out some interesting trends about today’s education system fantasies. According to “journalists” the average college graduate makes about $78,000 a year. Pardon me while I clean up the tea I just spewed while laughing at that statistic….it goes without saying a LOT of students will never earn that much in today’s decaying job market. Here are some numbers that reflect reality a little better:

  • 19% of underemployed college graduates are making about $23,500 a year on average flinging coffee-themed milk shakes at Fivebucks, and in other low-skilled jobs like bartenders and cashiers
  • 26% are making about $37,000 a year working in office and administrative positions, in other words, living life in Office Space hell

And, of course the numbers skew worse for younger college graduates, according to a report entitled Are College Graduates Finding Good Jobs?

In all years, the underemployment rates is higher for recent college graduates than for college graduates as a whole, indicating that underemployment is consistently more widespread for this group.

So, what does the average man who drunk the “go to college” Kool-Aid do when he finds himself either underemployed or unemployed because the Evil White Male™ need not apply, or will be last in line for promotion? Or his company sold its soul at the altar of globalization? He fucks over and sells out a system that has repeatedly fucked him over and sold him out. In other words, he legally manipulates the circumstances to his advantage. He goes Galt. What does Going Galt mean? According to The Atlas Society:

  • “Going Galt” means asking in the face of new taxes and government controls, “Why work at all?” “For whom am I working?” “Am I a slave?”
  • “Going Galt” means recognizing that you’re being punished not for your vices but for your virtues.
  • “Going Galt” means recognizing that you have a moral right to your own life, the pursuit of your own happiness, and thus to the rewards you’ve earned with your labor.
  • “Going Galt” means recognizing that you deserve praise and honor for your achievements rather than damnation as “exploiters.”
  • “Going Galt” means recognizing that you do not need to justify your life or wealth to your neighbors, “society,” or politicians, or bureaucrats. They’re yours, period!
  • “Going Galt” means recognizing that the needs of others do not give them a claim to your time, effort, and achievements.
  • “Going Galt” means shrugging off unearned guilt, refusing to support your own destroyers, refusing to give them what Ayn Rand termed “the sanction of the victim.” It means taking the moral high ground by explicitly rejecting as evil the premise of “self-sacrifice” that they sell to you as a virtue— in fact “self-sacrifice” is an invitation to suicide.

More than a great novel, Atlas Shrugged provides the blueprint for the Red Pill man to escape exploitation.

Chain

Escape the ball and chain by Going Galt

Action Plan

For many of us, the reward promised to us since childhood for time served and good beta male behavior vanished as soon as we went to collect it. It wasn’t through accident that it vanished. The disappearance was by design of cultural Marxists and the corporate-government complex. A decent wife, white picket fence, decent work for decent pay, a new car every decade or so, and a few bucks in the bank for retirement has become a pipe dream as American workers are shamelessly sold out in the 21st century with everything from NAFTA and CAFTA to TPP to other “free trade” agreements, which are really precursors to global government. Not to mention feminism teaching women to hate men.

When “Neo” figuratively wakes up and realizes the reality of the incubator he’s been placed into, who can blame him for just wanting out of a system that sold him out and deceived him? Especially if he just wants his freedom back!

So, I came up with a plan. It’s not without sacrifice. Here are some pros and cons of the plan:

  • Pro: Moves men to a life of minimalism instead of one of consumerism, after all it doesn’t take much for a man to live on.
  • Pro: Stops men from turning themselves into meal tickets for women.
  • Pro: Takes tax dollars and productivity out of a system that exploits and hates men.
  • Pro: Punishes banksters and government officials who caused the price of education to soar beyond reach by inflating an education bubble with taxpayer money.
  • Con: Some will be so enamored of the vision of a life of consumerism they will attack those who promote the plan. As Morpheus warns Neo: You have to understand. Most people are not ready to be unplugged. And many of them are so inured and so hopelessly dependent on the system that they will fight to protect it.
  • Con: Forces serious lifestyle changes.
  • Con: Cuts down on investment potential. (Can be mitigated through lower cost of living).

A little background on why I developed this plan: I made a solid effort to repay my student loans, making installments on a meager income for years only to see the balance really didn’t go down that much. I didn’t make much money, so even after college I was largely just paying interest on student loans for 10 years. Personally, in my chosen profession of television news I knew I wouldn’t be making much money the first 10 years, but I was assured that after a decade in the business I would have “paid my dues” and earn a decent salary.

But, there is no “paying of dues” anymore as media corporations have sold everyone out. Young, vacuous, just out of college girls now fill positions that required a minimum of 10 years of experience back in the day. HR harridans relentlessly punish disobedience to the female superiority agenda and heresy against Evil White Male™ doxy. TV news is a field has become miserable to work in, spouting Marxism (which I hate) 24/7, and is a revolving door with no sense of security and a higher than average suicide rate.

Suffice it to say I was on the chopping block because I was making “too much money” and they could get a just out of college girl for literally half price. Not to mention I had blonde hair, blue eyes, and a penis, the wrong traits to have in the 21st century. I refused to contribute anymore to broadcasts on which I was regularly being demonized as a white man. I was sold a false bill of goods without the possibility of a refund.

All the reasons I went to college in the first place rather than going straight into employment were stripped away—intentionally—by a collusion of corporate and government interests to sell out the American worker. I needed a way out. So, after paying off all my consumer debt and selling everything I owned, I devised this Going Galt plan to escape student loan debt—playing by the very rules the system made up.

  • Step One: Quit your job and go for a lower paying job, preferably abroad where the cost of living is lower, the women aren’t fatties, and there is still a modicum of freedom. Importantly, the total cost of living for a single man abroad is less than the average child support payment! Failing that, minimalism is an option if you want to stay stateside. As featured in numerous articles about minimalism on my blog, there are even tiny house living options for the fraction of the cost of a new house.
  • Step Two: Call your loan servicer and get a temporary unemployment or economic hardship deferment. (Careful, only three years of these over the life of the loan are allowed.) Other alternatives include getting on a tiered repayment plan with lower payments until you complete a full year of a new, lower income lifestyle for your W-2 forms.
  • Step Three: File taxes with your new, lower income the following year. For Federal student loans, you can earn 1.5x the poverty rate and not be forced to pay a dime—and without ruining your credit as long as you get on an income-based repayment. That’s currently $17,820 annually or $1,485 monthly you can earn (on the books—heh) without paying a dime back. Submit income tax information to your loan servicer to be placed on an IBR. Re-certify your low income status each year.
  • Step Four: If you wish to earn more than $17,820 your repayments will be capped at 10% to 15% of your income above that amount. The goal is to find the right balance between minimalism, investing, and finding a job you can live with.
  • Step Five: For recent grads, the loans are forgiven in 20 years; for older grads they’re forgiven in 25 years. Obama has capped the amount that can be forgiven at just over $59,000.

As alluded to earlier, it is recommended one pay off ALL consumer debt before attempting this plan. This will make the transition to a lower income, simpler life possible. The beauty of this plan is it doesn’t take much for a man to live on once he’s deprogrammed himself of the consumer fantasies put into his mind his entire life. Personally, if a government can’t offer me anything but villainization for being a white man, a society can’t offer a decent woman who is not a whore or a man-hating feminist, it breaks promises of gainful employment and job security through shoddy government and banking policies, it manipulates the supply of college degrees and cost of an education in a way that turns men into debt slaves, and further enslaves men with child support and alimony, why in the hell am I going to kill myself supporting that system?

Inspiration to push back against exploitation of male labor and productivity, student loan ball and chains, misandry, discrimination against white men, and other assorted misadventures comes from the classic Ayn Rand novel. In Atlas Shrugged, Francisco d’Anconia, who blew up all the copper mines in the world, said this about John Galt:

He had quit the Twentieth Century. He was living in a garret in a slum neighborhood. He stepped to the window and pointed at the skyscrapers of the city. He said that we had to extinguish the lights of the world, and when we would see the lights of New York go out, we would know that our job was done.

John Galt himself said it best:

There is only one kind of men who have never been on strike in human history … the men who have carried the world on their shoulders, have kept it alive, have endured torture as sole payment … Well, their turn has come. Let the world discover who they are, what they do and what happens when they refuse to function. This is the strike of the men of the mind.

College graduates who get shafted as the system they invested their entire lives in changes the rules, these men of the mind, must stop supporting a system that sees them as nothing more than tax-paying pack mules for women and society. How do we do that? By going on strike and removing ourselves from a system that exploits us. Unless men take real world action, internet frustration is accomplishing nothing but hyperbole. If watching the world go by for over three decades has taught me anything, culminating in Hillary getting her charges dismissed, it’s that rules and laws are for fucking losers. It’s those who break the rules that win.

Or, in this case, those who manipulate a bureaucracy’s own rules and regulations against it to escape a predatory education loan system and its debt slavery.

Help us grow by making a purchase from our Recommended Reading and Viewing page or our Politically Incorrect Apparel and Merchandise page or buy anything from Amazon using this link. You can also Sponsor The New Modern Man for as little as $1 a month. This The New Modern Man article originally ran on Return of Kings.

Duke Student Turns Porn Star to Avoid Student Loans

Duke

Women will do anything to avoid becoming wives and mothers in Anglo-America, including doing porno to pay for a rubber stamp because “empowerment”

If ever there was an illustration of how screwed up the higher education scam has become in America, a story surfaced a couple of years ago about a Duke University student making pornographic films to pay for college rather than assuming the huge burden of debt servitude the average graduate now pays for their rubber stamp. Miriam Weeks, who used the stage name Belle Knox, was able to keep her work in pornography secret for some time until she was “outed” by a frat boy. She promptly faced a backlash from people who obviously didn’t care if she had the money to pay for college or not.

Weeks made fat stacks while doing her work in the porn industry. This story, however, reveals an unflattering area of the higher education scam politicians or talking heads don’t like to delve into: how outrageous and unaffordable the price of education has become for working, middle class families. Weeks’ parents both work for a living, so the government didn’t offer her a financial aid package that would pay for her Duke education without taking on crushing debt to pay for the $60,000 a year cost of attendance. As with many areas of life in America, make zero effort and get the world laid at your feet. Make an effort toiling in jobs that don’t really pay enough for members of the dying middle class to advance in life, and get every cock block known to man thrown in your path.

Since the debacle and the finger pointing, Weeks has since become a libertarian, and makes a reasonable argument about people having the right to self-ownership rather than being corporate and government-owned happiness machines producing revenue on the American tax farm. Knox says:

I think that my work and being in the porn industry definitely hits on so many libertarian themes like free speech, and censorship, and choice and autonomy over our bodies. To make matters worse, my income now makes me ineligible for the $13,000 in aid I was receiving. My bill for next year will be a staggering $62,000. And I will pay this all on my own; the financial aid office does not care that I am legally financially independent. They view it as my parents’ responsibility to foot the bill.

As often happens in America, uncharitable critics don’t offer much in the way of solutions, but they do offer a lot in the way of judgement and self-righteousness.

Belle Knox Photo Shoot

Weeks was paid $1300 for each porno scene, versus a measly $400 a week doing difficult work as a cocktail waitress

Show Me the Money

Weeks deflected criticism about her decision to do porn, placing the blame where it belongs, on the self-aggrandizing higher education fiefdom.

Instead of focusing on my decision to perform in porn to pay my tuition, let’s start paying attention to what got me here: artificially inflated demand for college that pushes tuitions sky high. Even after student aid, I faced a $47,000 bill to attend Duke University. My turn to porn to close the gap was so famous, in part, due to my reasoning. Faced with either a degree from a less prestigious school or decades of crushing debt, a few hours of work on a porn set revealed itself to be the best way to avoid getting screwed.

Weeks had been getting paid $400 a week as a cocktail waitress working on someone else’s demanding schedule. Obviously, that’s not enough to pay for a Duke education. While doing porn, she made $1,300 per scene and could set her own schedule while doing countless shoots on breaks from school and during summers. Weeks needed to make that much money because higher education in America is in the midst of an enormous bubble that has caused the cost of college attendance soar 1,000% in the last 30 years. This education bubble is being inflated by an American government trying to manipulate supply and demand of college degrees in favor of corporations who want to stagnate wages and put a debt chain on future employees so as to ensure good conduct from their newly minted peons. Author Sheldon Richman writes:

What drives the inflation of tuitions are the various forms of government financing. This is basic economics. If the government stimulates demand through grants and loans, other things equal, prices (tuitions) will rise. It’s supply and demand. It is unsurprising that much of the money goes to administrative bloat. That’s how bureaucracies usually behave.

Empowering bureaucracies and not students, the fantasy of the magic college education is beat into young students’ heads from a very young age. Weeks writes:

Kids like me have been told our whole lives that higher education is the only way to be successful in America.

For young women like Weeks, motherhood is equated with failure in the new, Marxist YouGoGrrl culture permeating the land. Also, Richman explains why money from the government is pumped into colleges and universities at the behest of corporations who want to shackle future employees with debt while suppressing wages, and why it has to stop:

The solution is a complete separation of school and state at all levels. Competition drives down prices and improves products and services, as entrepreneurs strive to win customers by offering a better deal in terms of quality and cost. Government cannot help because the law of unintended consequences cannot be repealed.

What is most amazing is that Americans have blamed Weeks for doing porn rather than blaming the corrupt education system and a feminist culture that tells young women becoming mothers and wives is the surest sign of failure at life. What’s even more amazing is that women are willing to become porn actresses under the guise of chasing a degree that will “empower” them while traditional female pursuits in life never cross their mind.

Perhaps more than any of these other themes, this story illustrates how far gone traditional Anglo culture is. Cultural Marxism is the new norm, and the nuclear family is moribund. Women will do obviously anything for a rubber stamp since that is what they are indoctrinated to believe will make them “good” women, but they consider having a family and staying at home to be terrible, antiquated oppression. This, despite studies that show women are happier at home in traditional sex roles.

When a young woman is willing to take facials and perform other denigrating sex acts on film, it may be her right to do so but it speaks volumes about a culture that is spiritually and demographically dead. It also speaks volumes about the worship of a piece of paper that children are indoctrinated with by the feminist, state-run education system from the age of 5, forcing women into androgynous competition with men rather than encouraging them to become great mothers and wives investing in the next generation of humans. In other words, the Marxists won the culture war.

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7 Habits of Debt Free Men

Moolah

Having this much money saved is far better than owing this much

For the first time in my adult life I am not worrying about bills. That is an incredibly liberating and unusual thing to say in modern times. From the time a man becomes “legal” at age 18, debt is seen as “normal” as any bodily function. No sooner than he’s out of high school does he enter in to the rubber stamp system, taking on an average of $30,000 in non-bankruptable, crushing debt for an increasingly worthless college degree. After getting the magic paper, he then goes in debt for a car, a house, takes out some credit cards, maybe a few personal loans, and spends the best years of his life in bondage trying to pay for it all – with interest! After being taken on that ride, I decided, as you may decide, I wanted off that ride.

Debt has been “normalized” so that it could become a system of social control. Comedian Bill Hicks sums up the sad life of the average American debt slave in this routine:

If you want to understand a society, take a good look at the drugs it uses. And what can this tell you about American culture? Well, look at the drugs we use. Except for pharmaceutical poison, there are essentially only two drugs that Western civilization tolerates: Caffeine from Monday to Friday to energize you enough to make you a productive member of society, and alcohol from Friday to Monday to keep you too stupid to figure out the prison that you are living in.

Part of waking up from the programming of The Matrix is learning there is another way, a better way of handling money than the financial script sold to us all by the puppet masters in society. Learning the financial behaviors of Red Pill, debt-free men will go a long way in helping a man extricate himself from a system designed to exploit him.

Bullets

Escape the prison for your mind by learning the tricks that put men into financial bondage

The List

1. Debt-free men avoid buying on credit like the plague. The Red Pill man realizes debt is not a “tool” as much as an instrument of slavery. Rather than asking, “How much down and how much per month?” he looks at the total cost of each purchase – including interest. Suddenly, that low car payment looks like a financial disaster when a man realizes he will be paying an average of $7,000 in interest just for the pleasure of driving a depreciating asset, one that will look like every other car on the block in 6 months.

2. Debt-free men and save up for large purchases. Ironically, when I started saving money and had a fat bank account, my urge to splurge went to almost zero. The debt-free man can walk right by incredible “sales” of consumer items that are an incredible 50% off and not flinch because he knows it’s 100% off each purchase he does not make. He also saves up for large purchases, giving him bargaining power instead of being turned into a slave of his lender.

3. Debt-free men live within their means. Living on a budget is key, as is jettisoning quarrelsome, materialistic women as Proverbs recommends. If a woman is causing you to break your budget, she is not worth it. The Red Pill man is often a minimalist by nature, and can get by and even thrive on very little money. Rather than breaking the bank to impress with conspicuous consumption, he lives simply and confidently.

4. Debt-free men are not henpecked or irresponsible. Women can be financial disasters for men since they power 80% of wasteful consumerism in Western civilization. Four out of five spending decisions are made by or influenced by women. Feminists may hate it, but the economy proves they are still gatherers. The most important word the Red Pill man can learn is “no.” No, I will not buy that. No, you don’t need that. No, I’m not going to stop you from leaving because you can’t filch my wallet.

5. Debt-free men are confident. A man who is not a financial slave is confident, and his confidence grows as his bank account and investments grow. He knows if a problem arises or a job loss plagues him, he has ample funds to back himself up. By contrast, a man who is worrying about how he’s going to pay his payments on time and watches powerlessly as his paycheck comes in and goes right back out is a subservient man. He’s powerless to push back against his boss and his wife.

6. Debt-free men are freedom and goal oriented. There is nothing sweeter than freedom and freedom is responsible for a whopping 40% of happiness psychologically. Money buys freedom. The debt slave will never have freedom as he follows marching orders and begs for cash by filling out loan applications and makes monthly payments his entire life rather than taking control of his financial destiny.

7. Debt-free men are not materialistic. Red Pill men know that materialism and consumerism do not buy happiness. They also know that possessions often become a prison, inhibiting them from what they really want to do. It’s a weak man indeed that says he is willing to become a slave for some material crap that he doesn’t have the money for.

Fork

Take the road less traveled

Two Roads Diverge

Making the mental shift from having the psychology of a slave, begging for money from lenders to having the mentality of a confident man with money to back him up sounds simple, but for many men it is a tough transition to make. To me, I had to be neck deep in a mess before I decided enough was enough and I wasn’t living like that anymore. That was almost 10 years ago. Robert Frost wrote about choices like these in 1920:

Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.

Debt holds men back, it does not empower them. Having money in the bank and investments takes sacrifice and time, but will lead you to a much better place in life. Take the road less traveled, the road that leads away from debt bondage and materialism. It will make all the difference. As financial guru Dave Ramsey tells audiences nationwide: You must walk to the beat of a different drummer. The same beat that the wealthy hear. If the beat sounds normal, evacuate the dance floor immediately! The goal is to not be normal, because as my radio listeners know, normal is broke. Normal is also being a debt slave.

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The Coming Implosion of the Education Bubble

College

The vaunted college education is yielding diminishing returns as the market becomes saturated with college degrees

$1,000,000,000,000. One trillion dollars.

That’s the amount of outstanding student loan debt in the United States, second only to mortgage debt. The education system has been gorging itself on this money based on its perceived value to help people land middle class jobs. But more and more people are realizing they’ve been deceived by an education system that’s exploiting them. (Myself included.) We hear from the time we are young children that we must prepare ourself to go to college and “do the right thing” by spending four years or more on a liberally-biased, socially-engineered college campus.

The secret is out getting out that college is no longer a guarantee or even a decent shot at landing a decent-paying job and becoming upwardly mobile in society. Fresh out of four years (or more) of liberal indoctrination the average hapless college student now has a $30,000 albatross around their neck. Employers know this, they know the debt usually non-bankruptable, and they take advantage of it.

In a reversal of a decades-old trend, borrowers with student loan debt are now less likely to have mortgage and auto loan debt. This means they can no longer make those important purchases with their new rubber stamp from State U.

Just as the government sought to engineer people into houses before the housing bubble popped, it now engineers them into higher education. People who never should have gone to college are now going, and graduating. “It’s not about is this good or bad,” is how Mike Rowe puts it. “It’s about when did it make sense to say one size fits everybody? We’re lending money we don’t have, to kids who will never be able to pay it back, for jobs that no longer exist.”

Professor

Colleges are exploiting the inflating education bubble to enrich themselves

Soaring Tuition Costs

Exploiting their perceived monopoly on entry into the middle class, the price of a university education has shot up an incredible 1,000% over the last 30 years. Universities have become a fiefdom for those who are employed there, with posh accoutrements everywhere you turn on campus. Interestingly, NYU recently spent $72 million on interest-free loans for certain favored staff members to purchase vacation homes. At Ashford University, nearly 20% of graduates default on their student loans while Ashford’s CEO recently received a $20 million compensation package.

The results, diminishing returns on time served in the education system, are predictable when the market is flooded with college graduates. There are more rubber stamped degrees than there are jobs that require them. Investor and co-founder of PayPal Peter Theil breaks the ridiculousness of the college education bubble into three ideas:

  • Tuition costs are far too high
  • Debt loads are too high
  • The rewards of college are overrated

Those are the ingredients for a bubble that when it bursts, will make the 2008 housing bubble look like a practice run for the main event. Unlike the housing bubble, an education can’t be resold or foreclosed on; and education debt follows its borrower to the grave.

The college education fantasy is largely sold on giving people a false sense of security, just like with the housing bubble, as explained by Theil.

Like the housing bubble, the education bubble is about security and insurance against the future. Both whisper a seductive promise into the ears of worried Americans: Do this and you will be safe. The excesses of both were always excused by a core national belief that no matter what happens in the world, these were the best investments you could make. Housing prices would always go up, and you will always make more money if you are college educated.

Meantime, there are jobs that can’t be filled in the United States because everyone was sold on the idea that college is the only way to a decent life. But that façade is crumbling. The manosphere is helping smash it with books like this: Worthless by Aaron Clarey.

Fiefdom

Colleges and universities have become fiefdoms for administration and faculty as the education bubble inflates

When Will the Bubble Burst?

The world’s “best educated” generation is also the world’s most indebted generation. I think it is by design. When you saddle people with debt that is only dismissible by death or by repayment, then put them into jobs where wages are suppressed because of supply and demand (too many college graduates, too few jobs) you effectively make compliant wage slaves out of them.

But there are other unpleasant side effects rather than people realizing the jobs they were promised are not there anymore. The default rate on Federal government loans has already reached to over 46% at for-profit colleges. (Some would even say that makes the federal government a predatory lender.) The Economist has reported that 7 of million all student loans are in default, representing $85 billion. The default rate is likely to increase as the middle class is eroded further. The Department of Education even admits this.

I personally think the entire house of cards could come crashing down once another economic downturn gobbles up some more of the middle class. There have already been calls for a student loan bailout, but that does not appear likely to happen.

What it all comes down to is the education system has been manipulated in such a way that education now equals indebted servitude for most of the people who attend.

As always, buyer beware. Even for the once-vaunted college education.

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