A Quote by Noam Chomsky
Students who acquire large debts putting themselves through school are unlikely to think about changing society. When you trap people in a system of debt, they can't afford the time to think. Tuition fee increases are a disciplinary technique, and by the time students graduate, they are not only loaded with debt, but have also internalized the disciplinarian culture. This makes them efficient components of the consumer economy.
Quote Topics
Quote Author
Related Quotes
Students who acquire large debts putting themselves through school are unlikely to think about changing society. When you trap people in a system of debt, they can't afford the time to think.
Colleges prefer to enroll wealthy students because they know it's more likely that they'll pay for full tuition without needing financial aid. They're also more likely to have parents who will donate large sums of money to the school. When the privileged students graduate, they're expected to join the alumni association and also donate cash.
Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
The loan crisis and the increasing slashing of funds for students, coupled with the astronomical rise in tuition, represent an unparalleled attack on the social state. The hidden agenda here is that when students graduate with such high debts, they rarely choose a career in public service; instead, they are forced to go into the corporate sector, and I see these conditions, in some ways, as being very calculated and as part of a larger political strategy to disempower students.
Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be able to settle your debts for cents on the dollar. You'll also pay a fee to the debt settlement company, usually either a percentage of the total debt you have or a percentage of the total amount forgiven.
What I think is bugging this guy [Steven Lerner] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans and so forth) - has made Wall Street bankers and financial people excessively, unfairly, out-of-proportionally rich.
There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back.
People think of a business cycle, which is a boom followed by a recession and then automatic stabilizers revive the economy. But this time we can't revive. The reason is that every recovery since 1945 has begun with a higher, and higher level of debt. The debt is so high now, that since 2008 we've been in what I call, debt deflation.
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans.
To build a truly diverse economy with a pipeline of skilled labor, technical college in Georgia should be free, and students should be able to graduate debt-free from the public institution of their choice.
I have graduate students who have developed this ability to love and want to perfect it. Those are the students I spend a lot of time with because at this time they need that.
We need a sustainable system of student finance that promotes opportunity, encourages aspiration, increases social mobility and is governed by fairness. But all the Tories can offer is unsustainable, mounting debt, punishing students for wanting an education. And discouraging thousands of young people from climbing the ladder to a better life.
My message to students is that if you want to become an entrepreneur and save the world, definitely don't skip college. But go to a school that you can afford. You'll be freed from the chains of debt and succeed on your own ambition and merit.
Today, the Americans have developed a new culture in science based on the slavery of graduate students. Now, graduate students of American institutions are afraid... He's got to perform. The post-doc is an indentured labourer.
Related Authors
Aung San Suu Kyi Quotes
Burmese
Activist
Bill Ayers Quotes
American
Activist
Edward Snowden Quotes
American
Activist
Elizabeth Cady Stanton Quotes
American
Activist
Emma Goldman Quotes
Russian
Activist
Gloria Steinem Quotes
American
Activist
Jesse Jackson Quotes
American
Activist
Julian Assange Quotes
Australian
Activist
Louis Farrakhan Quotes
American
Activist
Malala Yousafzai Quotes
Pakistani
Activist
Malcolm X Quotes
American
Activist
Michael Moore Quotes
American
Activist
Peace Pilgrim Quotes
American
Activist
Shane Claiborne Quotes
American
Activist
Thomas Paine Quotes
English
Activist
Van Jones Quotes
American
Activist