As the United States government stand to collect $184 billion in the next ten years with a recovery rate at a astounding 104%-109%. Matt Taibbi, a journalist for Rolling Stone Magazine, breaks down this gut wrenching process.
The federal government views student loans as a additional tax stream but the reality is they are enslaving the future of tomorrow and giving them a raw deal and profiting from it. No wonder they keep telling young impressionable kids that they have to get a college degree.
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