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Student Loans The "New Indentured Servitude": The Atlantic

Student Loans

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 03:20 PM ET

The Atlantic Business Channel:

The Wall Street Journal ran a post over the weekend about a new credit crunch among low income borrowers, noting it is now 'payback time.' What they didn't go into is that their primary interviewee is drowning not on expensive cars loans but student loans. This former student's debt is far from extraordinary. It is, in fact, tragically ordinary, as student loans have become the 21st century version of indentured servitude.

Read the whole story: The Atlantic Business Channel

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Filed by Grace Kiser  |