Elizabeth Warren criticizes letting students pay for college by selling a stake in their future earnings

Sen. Elizabeth Warren and other members of Congress are raising concerns about a controversial college financing product poised to gain popularity.

Though use of ISAs is still relatively limited to a handful of colleges and investment companies, the idea has gained popularity — particularly in Silicon Valley and conservative political circles — over the past few years as college costs and student debt continue to rise. Liz Hill, a Department of Education spokeswoman, wrote in an emailed statement that any Department experiment on ISAs would explore their risks and benefits. “Participation in any ISA program would be voluntary,” she wrote.

Wow. I always knew student loans were a modern form of indentured servitude, but this is next level.

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Elizabeth Warren unveils 'economic patriotism' plan calling for aggressive market intervention and active currency managementSen. Elizabeth Warren, who is running for president, on Tuesday called for aggressive government intervention in U.S. markets in a wide-ranging and detailed proposal to create jobs and pursue 'fundamental, structural changes in our government's approach to the economy.' lol isn't that what we are complaining China is doing? She’s never actually created a job in her life Isn't there some relevant news for you to report on?
Source: CNBC - 🏆 12. / 72 Read more »