- Americans have been deluged by various forms of political
deception and extortion to keep the public docile through intrigues and
debt to the point that few have any time left-over to even think about
everyday politics.
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- One of the keys to this kind of mental pressure is the
horrific illegality behind the College loan business that has become a
privatized extortion racket which makes professional loan sharks look
like amateurs. There are no regulations that apply to this particular
financial rape of prospective college students that find themselves in
need of "loans" to complete their formal 'education.'
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- Under this kind of pressure, that can often ruin the
lives of many 'students' for decades-one side benefit for the government
has been the state of near paralysis which this kind of 300% interest,
on those college loans, can produce. It was not supposed to be this way!
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- "According to the College Board, the average cost
of four years at a private college is now a staggering $136,000. Four
years at a public university, on average, will set you back $57,000. In
order to pay for the rapidly increasing tuitions, students were forced
to borrow a total of $85 billion during the last school year, up from
$41 billion ten years ago. The average student now leaves college with
$20,000 in debt.
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- This is an excerpt from the forthcoming documentary Default:
The Student Loan Documentary, a film by Serge Bakalian and Aurora Meneghello.
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- FORMER STUDENT 1: The Citibank Student Loan Corporation
would send me these notices, and they'd say, "This is just to notify
you of your interest rates." And then they started sending me ones
saying, "This is just to notify you of a change in your interest
rates." And it was like-it was like watching the odometer on a car.
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- FORMER STUDENT 2: I remember thinking, "What happened
to the nine percent? Where did this 17 percent come from?" and seeing
the number, something like $900-something a month for my private student
loan and immediately realizing that was more than I make in a month.
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- ALAN COLLINGE: The most recent estimate is that the amount
of outstanding student loan debt in the country is approaching $40 billion,
with a "b." And that is only the federally guaranteed student-defaulted
student loan debt that is out there. We're not counting the private loans
in that, which is probably another $5 billion to $10 billion, and growing
quickly.
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- FORMER STUDENT 2: The original loan amount was $45,974.
And this last statement I received on December 16, 2007, indicates that
the outstanding balance is $73,789. So it has accrued just shy of $30,000
in interest.
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- FORMER STUDENT 1: If you look at it in the roundhouse
figures, OK, it was $30,000 to go to UNR for three years. They now say
that I owe about $90,000. So it's tripled. They can seize Social Security.
They can seize tax refunds. They can garnish your wages. Like if I get
hit crossing the street by a bus and I end up in a wheelchair, they can
seize my disability.
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- AMY GOODMAN: The documentary Default: The Student Loan
Documentary. More information about the film is available at the website
defaultthe movie.com." (1)
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- With garbage like this in the path of getting an education
for "jobs" that no longer exist, is it any wonder that the college
campuses are virtually devoid of any real protests that concern any of
the myriad of other things which this ?government is doing to people of
every generation?
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- 'Confusion' has always been a major ally in this battle
between ordinary people and their supposed 'government,' especially during
this time of national and international upheaval.
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- It is clear that Obama will do nothing about this or
any other crime against this society; because it is his job to keep the
herd quiet for as long as he can: while every aspect of this society is
stolen, perverted or simply ignored on the way to the One World Bank
for which he was appointed to be the chief puppet and all- round cheerleader-in-charge.
He is a nightmare that makes Cheney- Bush look like the paupers they were-when
it comes to selling out this nation. Here is a twelve-part condemnation
of who and what has taken over this country, that makes the crimes involved
in the sabotage of higher-education look like barely a footnote in this
litany of treason and criminal conspiracies. (2)
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- kirwanstudios@sbcglobal.net
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- 1) The Crippling Rates on Student Loans
- http://www.democracynow.org/2009/3/12/ reduce_the_rate_rev_jesse_jackson
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- 2) The Obama Deception Parts 1-12 vid
- http://www.youtube.com/watch? v=KrpRocaEfQE&feature=PlayList&p=9657816B36974DC0&index=0&playnext=1
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