The fraud of Obama’s “Student Aid Bill of Rights”
By Nancy Hanover
23 March 2015
Last week President Obama announced a series of
executive actions that he dubbed a “Student Aid Bill of Rights.”
The initiative is partially an exercise in damage
control. It follows a series of lawsuits and scandals involving the Department
of Education (DOE). The government agency has become the target of growing
anger for protection of predatory student loan collection agencies, its bailout
of the for-profit career college chain Corinthian
and its overall profit-taking from student loans.
http://mexicanoccupation.blogspot.com/2015/03/barack-obama-and-his-crony.html
The
43 million Americans who owe some $1.3 trillion in student loan debt were
offered zero forgiveness. In fact, Obama does not propose even one measure to
actually lessen the ever-escalating cost of college or encroach on the
lucrative business of student loan debt. All the “rights” remain in the hands
of the government, the banks and hedge funds.
Far
from a “Bill of Rights” Obama continues to deliver a fraudulent bill of goods.
At every point, his administration has protected the financial industry in
looting an entire generation of students, preventing millions of young people
from either attaining the education they desire or making them pay through the
nose for the rest of their lives.
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