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Interview With Student Loan Activist Alan Collinge On Bankruptcy Protection

Interview With Student Loan Activist Alan Collinge On Bankruptcy Protection

There is a larger, more sinister phenomenon at work here:   the student loan industry cherry-picks data like these and pushes them in the media for the sole purpose of keeping bankruptcy gone from student loans, something that has allowed them to rob billions of dollars from millions of people over the years.  This is a predatory cash cow for them, and they will grasp at the flimsiest of data in order to make the predatory student loan system look better, and to perpetuate the shocking financial carnage that is being inflicted upon millions and is poised to devastate far more Americans going forward, and to a far greater degree. 

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.