- New details unsealed last month in the state lawsuits against Navient shed light on how Sallie Mae used private subprime loans — some of which it expected to default at rates as high as 92 percent — as a tool to build its business relationships with colleges and universities across the country. From the outset, the lender knew that many borrowers would be unable to repay, government lawyers say, but it still made the loans, ensnaring students in debt traps that have dogged them for more than a decade.
lol fuck finance and economics. I don't really know what else to say at this point, everywhere you look are people being screwed over by entities that are barely even punished. $150k for a photo degree is pretty fucking stupid too though so who knows.
Liberalism: compassion for those who cannot fend for themselves "People who do not know they cannot pay for a $150k degree in photography via photography should be prevented from taking out $150k loans for degrees in photography." Conservatism: justice for those who can "If you can sell a $150k photography student loan to some other sucker, you deserve every penny you can get out of both parties." Conservatism leads to a lot more impoverished wanna-be photographers.
Wouldn't a basic level of education tell somebody that spending $150k on a photo degree is, uhm, maybe not the best idea? I'm not saying GO INTO STEM, PLEB, but, Jeez.
Wouldn't a diploma mill be able to tell you all about the bright, beautiful future all graduates experience? http://www.pbs.org/wgbh/pages/frontline/collegeinc/ http://www.pbs.org/wgbh/frontline/film/a-subprime-education/ Worthy of note: Brooks College went under (all campuses) in August 2016. EDIT: if you want the above intercut with jokes and made much quicker, it's here: But pretty much the entire John Oliver beat is Frontline clips. He does this a lot.