The Great College Loan Swindle
It’s interesting that the real perpetrators don’t get much of Taibbi’s scorn. The loan industry are just opportunists, and for the most part students loans have been taken over by the government anyway.<p>The real criminals here are teachers, parents, and employers, who have created a culture where people are compelled to get completely unnecessary higher education. Here, you need a college degree to be an administrative assistant in an office. In Germany, in contrast, young people can get many white collar jobs after age 16, plus three years of apprenticeships during which they get paid.