“”The GAO found that 706,000 of households headed by those aged 65 or older have outstanding student…”

October 01 Comments Off on “”The GAO found that 706,000 of households headed by those aged 65 or older have outstanding student…” Category: Feed, Tumblr

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“The GAO found that 706,000 of households headed by those aged 65 or older have outstanding student debts. That’s just 3 percent of all households, but the debt they hold has ballooned from $2.8 billion in 2005 to about $18.2 billion last year. Some 27 percent of those loans are in default.

If you’re among the 191,000 households that GAO estimates have defaulted, your Social Security benefits can be attached and seized.”

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It happens: Seniors with student debt – and smaller Social Security checks.

Pay attention. This is OUR future.

“”If you’re at the bottom and the top keeps pulling away, you’re just further…”

September 30 Comments Off on “”If you’re at the bottom and the top keeps pulling away, you’re just further…” Category: Education, Feed, Tumblr

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“If you’re at the bottom and the top keeps pulling away, you’re just further behind.

[…]

Most families can’t compete. Incomes have barely budged for most Americans since 1980 after accounting for inflation. For the top 10 percent, IRS data show pay has jumped 80 percent after inflation. For the top 1 percent, it’s soared 177 percent.

The education divide has grown despite the multi-decade presence of Head Start, the federal program for nutrition and early childhood education. Most states rely primarily on a private pre-school system that can reinforce the wealth gap”

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– School spending by affluent is widening wealth gap.

“We pay banks for the privilege of fleecing us, a fact made obvious by the growing slice of corporate…”

September 29 Comments Off on “We pay banks for the privilege of fleecing us, a fact made obvious by the growing slice of corporate…” Category: Feed, Tumblr

“”We pay banks for the privilege of fleecing us, a fact made obvious by the growing slice of corporate profits generated by the financial sector. Employment in the financial sector hovers around 5 percent of the American workforce, while they skim a third of all corporate profits off the top. They create nothing and add nothing, so in essence, a massive chunk of American profit is made up of handling fees.””

– The big “middle class” rip-off: How a short sale taught me rich people’s ethics.

“”So is rectifying an existing disparity such a poor use of the UC budget? Well, at this point we…”

September 27 Comments Off on “”So is rectifying an existing disparity such a poor use of the UC budget? Well, at this point we…” Category: Feed, Tumblr

“”So is rectifying an existing disparity such a poor use of the UC budget? Well, at this point we should probably hand it to the system for refusing to turn their campuses into water parks. Actually, though, some universities are installing “lazy rivers” and other recreational amusements for the same reason that they’re paying their administrators like CEOs: The university has become a “business” with “customers” that used to be thought of as “students.”””

– The University of California Corrects “Injustice” by Making Its Rich Chancellors Even Richer.