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Todd Suomela

Dissent Magazine - Debt Education - 0 views

www.dissentmagazine.org/article

academic debt education money policies

shared by Todd Suomela on 14 Apr 08 - Cached
  • First, debt teaches that higher education is a consumer service. It is a pay-as-you-go transaction, like any other consumer enterprise, subject to the business franchises attached to education.
  • Second, debt teaches career choices. It teaches that it would be a poor choice to wait on tables while writing a novel or become an elementary school teacher at $24,000 or join the Peace Corps. It rules out culture industries such as publishing or theater or art galleries that pay notoriously little or nonprofits like community radio or a women’s shelter. The more rational choice is to work for a big corporation or go to law school
  • Fourth, debt teaches civic lessons. It teaches that the state’s role is to augment commerce, abetting consuming, which spurs producing; its role is not to interfere with the market, except to catalyze it. Debt teaches that the social contract is an obligation to the institutions of capital, which in turn give you all of the products on the shelves.
  • ...3 more annotations...
  • Third, debt teaches a worldview. Following up on the way that advertising indoctrinates children into the market, as Juliet Schor shows in Born to Buy, student loans directly conscript college students. Debt teaches that the primary ordering principle of the world is the capitalist market, and that the market is natural, inevitable, and implacable. There is no realm of human life anterior to the market; ideas, knowledge, and even sex (which is a significant part of the social education of college students) simply form sub-markets. Debt teaches that democracy is a market; freedom is the ability to make choices from all the shelves. And the market is a good: it promotes better products through competition rather than aimless leisure; and it is fair because, like a casino, the rules are clear, and anyone—black, green, or white—can lay down chips.
  • Fifth, debt teaches the worth of a person. Worth is measured not according to a humanistic conception of character, cultivation of intellect and taste, or knowledge of the liberal arts, but according to one’s financial potential. Education provides value-added to the individual so serviced, in a simple equation: you are how much you can make, minus how much you owe. Debt teaches that the disparities of wealth are an issue of the individual, rather than society; debt is your free choice.
  • Last, debt teaches a specific sensibility. It inculcates what Barbara Ehrenreich calls “the fear of falling,” which she defines as the quintessential attitude of members of the professional middle class who attain their standing through educational credentials rather than wealth. It inducts students into the realm of stress, worry, and pressure, reinforced with each monthly payment for the next fifteen years.
Todd Suomela

AAUP: Free Higher Education - 0 views

www.aaup.org/...reed.htm

academic debt education money policies

shared by Todd Suomela on 14 Apr 08 - Cached
  • Deeper loan debt means more profits for the financial sector, particularly suppliers of student loans. Executives of SLM Corporation, the giant student loan company known as Sallie Mae, have said that the rising costs of education will swell its bottom line for some time to come. Sallie Mae, as a quasi-federal agency, was supposed to make money available so that college would be affordable. But under the Clinton administration, Sallie Mae became a private corporation, and it is profiting.
  • This state of affairs is unacceptable and an affront to any reasonable notion of a fair and democratic society. We believe that the appropriate response is to articulate, and mobilize in support of, a clear vision of how a fair and just society should provide access to higher education. We propose that all academically qualified students who desire an education should be able to get one—without constraint by cost or the need to amass crippling debt
David Hilton

U.S. National Debt Clock : Real Time - 11 views

www.usdebtclock.org

debt clock deficit politics finance data curriculum history language social studies economics government civics digitalcitizenship elementary middleschool usa budget military

shared by David Hilton on 12 Jan 10 - Cached
  • David Hilton on 12 Jan 10
     
    EXTREMELY cool graphic for demonstrating the size of US public debt to students in a clear, visual manner. The sources for the figures seem reliable.
Felix Gryffeth

Instead of fighting over student debt forgiveness, politicians should focus on an even ... - 1 views

www.yahoo.com/...er-student-debt-120200958.html

student loan debt

shared by Felix Gryffeth on 01 Aug 21 - No Cached
  • Felix Gryffeth on 01 Aug 21
     
    ", rather than providing a blanket discharge without context for personal decisions or need."
C CC

Resources Released to Teach about Dangers of Loan Sharks | UKEdChat.com - Supporting th... - 1 views

ukedchat.com/...loansharks

resources dangers loan ukedchat

shared by C CC on 04 Mar 14 - No Cached
quizzicalt475 liked it
  • C CC on 04 Mar 14
     
    Resources support teachers to get pupils thinking about good loans and bad debts
Vicki Davis

Financial Literary Crisis Threatens the Globe - ABC News - 3 views

abcnews.go.com/...story

education teaching financial literacy accounting

shared by Vicki Davis on 21 Feb 12 - No Cached
  • Vicki Davis on 21 Feb 12
     
    If you want to help tomorrow be better than today, put financial literacy into your school's program. In fact, I would venture to say that your community will reap the benefits in the years to come as students learn how to manage their money and balance their checkbook. I teach accounting and wish that every student knew how to balance a checkbook. They also need to know the difference between secured and unsecured debt. Spend less than you make, period. "You may not realize it, but these three events are part-and an excellent illustration-of the global financial literacy crisis, one of the overriding problems of the modern financial world."
Shari Sheppard

Dollars and Sense - School Funding Issues - 2 views

www.hertzfurniture.com/...rs-sense-school-funding-issues

educational education school funding budget

shared by Shari Sheppard on 21 Jul 11 - No Cached
  • Shari Sheppard on 21 Jul 11
     
    Though the economy may be on the road to recovery, public school funding is not. Across the nation, schools are being asked to make do with less money in an effort to control school district debt caused by funding cuts at both the state and national levels. School funding and its issues have been heard at the polls as voters must decide whether or not to approve tax increases or changes in distribution of tax revenues in order to help stem the tide of massive budget cuts. In Ohio this past spring nearly 44% of the tax issues on the ballots were for schools. School funding issues are a major concern for administrators and educators.
Vicki Davis

A venture capitalist searches for the purpose of school. Here's what he found. - The Wa... - 7 views

www.washingtonpost.com/...-of-school-heres-what-he-found

edreform

shared by Vicki Davis on 07 Nov 15 - No Cached
  • Vicki Davis on 07 Nov 15
     
    "The most innovative country on the planet is blowing it. As we move full swing into an era of innovation, the United States should be educating to our creative strengths, but instead we're eroding the very characteristics that will enable our kids to thrive. We're setting kids up for a life without passion, purpose, or meaningful employment. Absent profound change, our country is a decade away from having 50 million chronically-unemployed young adults, adrift in life and awash in debt."
Felix Gryffeth

A Beginner's Guide to Repaying Student Loans - The New York Times - 1 views

www.nytimes.com/...to-repaying-student-loans.html

education loans lending student debt

shared by Felix Gryffeth on 23 Jan 17 - No Cached
  • Walter Antoniotti on 29 Jan 17
     
    I added this link to the Student Personal Finance Internet Library http://www.textbooksfree.org/Students%20Personal%20Finance%20Internet%20Library.htm
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