Visual Student Loan Debt
They call Social Security a Ponzi Scheme. Well, this is the real rip off right here. Did you know that student loan debt is one of the very few types of debt you cannot claim bankruptcy on? And who is disproportionally affected by crushing student loan debt? You got it: the poor.
So, to recap: many poor people get student loans. One cannot claim bankruptcy on a student loan. The economy crashed, now they can’t afford the payments. Bad credit results, and all of the associated problems that go along with it, keeping them poor.
All I can say is, damn.
We need a new New Deal.
