The Bankruptcy Reform Act of 2005 is a subsidy to the banking industry and leads to anti-competative and predatory lending practices. The cost of tuition has increased exponentially and banks have cashed in on risk-free federally subsidized loans that are not dischargeable in bankruptcy. Student debt stifles entreprenouship, prevents young men and women from starting families or saving for retirement, and is a form of indentured servitude. Student debt in this country now exceeds one trillion dollars. Let the student loan bubble burst and hold the educational-industrial complex accountable.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
