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A student loan is, ostensibly, a financial device utilized to enable aspiring professionals to attend institutions of higher education, even when they lack the funds necessary to pay for their tuition and fees. In reality, student loans are a mechanism for modern day indentured servitude, as thousands of indebted students graduate into a marketplace that is either unable to employ them, or is only able to under-employ them.

The end result is that students are becoming slaves to debt that they cannot discharge in bankruptcy and that will cripple them until the day they die. They will spend their days toiling in coffee shops for minimum wage while going home every day to sleep in their parents' basement, living off of cheap fast food and driving used Honda Civics with hundreds of thousands of miles on the odometer. (Full article...)

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