Degrees For Dollars: Students Petition Uncle Sam To Refund Student Loans For Worthless Diplomas
Tyler Durden / ZeroHedge
Student debt has seemingly been the transmission channel of choice for pumping credit into the US economy for the last few years as the government addition of $1 trillion has done nothing but leave those under-55 with fewer and fewer jobs (especially above-minimum-wage jobs) while saddled with non-extinguishable debt. Of course, this ‘pump’ of credit has had the usual unintended ‘inflationary’ consequence of raising tuition prices (which as we noted this morning was the main driver of inflation in the UK overnight). So what would be fair? Cue: A Petition to “Provide University graduates the ability to trade their Diplomas back for 100% tuition refunds” The hope-driven (or hopelessness) push into higher education (and implicitly higher debt), in a nation where the marginal benefit of Calculus 101 over a strong right ‘burger-flipping / coffee-machine-pressing’ wrist is falling by the day, seems to warrant further societal protection. All that’s needed is 25,000 signatures to move this forward.
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