AAUP: Free Higher Education - 0 views
-
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
