Huge Cajones Remailer wrote:
At 6:24 PM 12/11/1996, E. Allen Smith wrote:
From: IN%"mjmiski@execpc.com" "Matthew J. Miszewski" 11-DEC-1996
Actually, my assertion was that the basic motivation was racism and ignorance. My example of student loan default rates should clear that up.
[snip]
I have no trouble believing that the student loan market would quickly dry up were the government to get out of the business.
Hallelujah! The current college system is a fatcat and indentured servant system - the tenured staff (and not necessarily the ones who provide the most service) at the schools suck up the big bucks, and the grads "owe their soul to the company store", just like the serfs of a bygone era. The more things change.... Actually, when I first came to L.A., there was a pretty good college system, where most kids with minimal finances could go for cheap, in some cases nearly free. But this was taken over (co-opted) like so many other programs that can be turned into cash cows.