Home > Uncategorized > After For-Profit College Agrees to Forgive $141 Million in Student Debt, Sanders Says: ‘Good. Now $1,685,456,413,335 More to Go’

After For-Profit College Agrees to Forgive $141 Million in Student Debt, Sanders Says: ‘Good. Now $1,685,456,413,335 More to Go’

December 13, 2019

Bernie Sanders deserves credit on two counts.

First and foremost, he underscores the difference between Millions and Billions… and in so doing shows that conceding millions of dollars is “chump change” for the profiteers.

Secondly, he offers specific examples of how for-profit colleges prey on prospective students through misleading advertising full of fraudulent claims.

Student debt is a drag on the economy, an anchor on upward mobility, but a bonus for wealthy shareholders of the profiteering education enterprises and the banks who benefit from the government’s guarantees to back the loans. The folks who brought down the economy in 2008 are swindling those who felt the real pain of that collapse. Time to turn the tables.

Source: After For-Profit College Agrees to Forgive $141 Million in Student Debt, Sanders Says: ‘Good. Now $1,685,456,413,335 More to Go’

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