Through what Shah describes as 'dirty legislation lobbying', America’s financial industry has turned higher education into a highly profitable racket...
Baltimore, MD (PRWEB) April 18, 2012
Higher education costs in the U.S. have gone up 300% since 1990. That’s more than four times the official rate of inflation in the United States.
With that kind of price spike, somebody’s got to be making money off America’s students, according to Wall Street Insights & Indictments Editor Shah Gilani.
Through what Shah describes as “dirty legislation lobbying”, America’s financial industry has turned higher education into a highly profitable racket based on student loans and ever-increasing prices for a basic education.
The fact is, America’s students are shelling out billions each year to pay for inflated higher education costs that they may never be able to pay back
But the Insights and Indictments editor says it gets worse…
Federal laws make defaults on those loans impossible - even if students can’t find jobs and have to declare bankruptcy, says Shah.
And now, Shah tells his readers, banks and schools have turned their focus away from the country’s teenagers and recent high school graduates.
While those markets churn out a steady and reliable profit, the real cash cows for big lenders are those “students” who’ve successfully navigated the work force – only to watch their jobs get downsized or outsourced, says Shah.
Trade and online schools are the worst offenders… enticing the unemployed with new opportunities and the potential for well-paid jobs after they complete a specific course of study.
But asks Shah, what happens if those jobs never appear? And who wins when the student loans for their higher education come due? Find out the answer in Shah’s latest article…
This is a national travesty…
This report from one of the country’s most powerful voices, is an urgent call to action to get involved and stop our students from being enslaved by the system. You can get involved by reading Shah’s latest report .
Shah Gilani’s Wall Street Insights & Indictments is a brand new e-newsletter that provides market news and commentary from a former Wall Street insider. Twice a week, Editor Shah Gilani shows readers how Wall Street’s high-stakes game is really played and how to win it, all free of charge. Readers can find more of Shah’s articles at http://www.wallstreetinsightsandindictments.com/.