America’s Working Poor: How 12 Million Americans went from Working Poor to Food Stamps in Two Years. 38 Million Americans in Poverty by Government Statistics. The Importance of Education in Pulling People out of Poverty.
The middle class in America has been under assault for years but this recession only magnified the issue. Most Americans, 6 out of 10 own their home and this is where most of their wealth is stored. Yet the housing bubble bursting has wiped out much of what they once thought was part of their [...]
The Profits of Education – How University of Phoenix and other For Profit Schools Survive and Over Charge Students because of Government Backed Loans. Billion Dollar Growth Industry yet what is the Benefit to Society?
Over the last couple of years, I’ve seen the for profit education system plaster the airwaves with advertisements that seem to come on during the part of day when most are working or very late at night. Now clearly in this current recession you have to wonder how an institution is making money when it [...]
How the Banking Industry has Created a Bubble in the Student Loan Market and Inflated Prices in Education by 500 Percent since the 1980s. The $500 Billion Student Loan Market.
The dream of going to college is deeply ingrained in our society. Education is usually a political win in any campaign and few will ever argue with this topic when it is brought up. As with many things in our current financial system creating a market where banks can enter into the fold has hyper [...]