Astronomically high college tuition facilitated by a bottomless ocean of student loans has saddled Americans with a record $1.48 trillion in non-dischargeable debt – an amount which has more than doubled since the 2009 lows.
As we reported in January, nearly 40% of student loans taken out in 2004 are projected to default by 2023 according to the Brookings institute.
While in March we noted that debt-laden millennials were set back an average of $140,000 vs. their parents – a problem compounded by the fact that students aren’t just borrowing money for tuition; their student loans cover rent, food and other bills, leaving them with massive interest payments and in many cases, little prospect of getting ahead – much less saving for retirement.
Enter the million-dollar-debtors
While millions of Americans are drowning in student loans – 101 people have the ultimate albatross around their necks; student loan balances exceeding $1 million, according to the Wall St. Journal. Five years ago, there were just 14 people with loans that large.
Utah orthodontist Mike Meru, 37, is one of them. After graduating from Brigham Young University with no debt and a new marriage, Meru borrowed $601,506 debt to attend USC’s orthodontics program – while his new wife Melissa finding work as a USC administrative assistant to save on tuition. After a few years, his student loan had swelled to $1,060,94.
Judge Allows UC Berkeley To Face Lawsuit
(Reuters) – A federal judge rejected the University of California at Berkeley’s bid to dismiss a lawsuit claiming it discriminated against conservative speakers like Ann Coulter by imposing unreasonable restrictions and fees on their appearances.
In a decision late Wednesday, U.S. District Judge Maxine Chesney in San Francisco said two conservative groups could pursue claims that the school applied its policy for handling “major events” and an earlier policy for “high-profile speakers” in a manner that unfairly suppressed conservative speech.
But the judge also said she was “unpersuaded” by claims by the plaintiffs that the school engaged in intentional viewpoint discrimination, and that the major events policy was too vague. She said the plaintiffs could not seek punitive damages.
The Berkeley College Republicans and the Young America’s Foundation, a Tennessee group, had sued after the university canceled Coulter’s scheduled speech last April 27, citing security concerns.
Janet Napolitano, president of the University of California, was also named as a defendant.
UC Berkeley is known as the birthplace of the student-led Free Speech Movement of the 1960s. Like other schools, it has tried to welcome different views without jeopardizing safety or its educational mission.
The major events policy was adopted in July, and gave school officials discretion to take various steps to ensure security.
Chesney said the plaintiffs may pursue an equal protection claim over a security fee charged for an appearance by conservative commentator Ben Shapiro that was well above a fee at the same venue for Supreme Court Justice Sonia Sotomayor, part of the court’s liberal bloc.
Teacher Couldn’t “Read or Write” For 17 Years
In an very in depth story by the BBC, a man who was a New Mexico teacher ended revealing a secret that may or may not surprise you, he could not read or write for 17 years of his teaching.
The entire article reveals how John Corcoran gamed the system without ever learning how to read or write and achieved teacher status at the same time.
BBC: When I was taking a test I would look at someone else’s paper, or I’d pass my paper over to somebody else and they’d answer the questions for me – it was fairly easy, amateur cheating. But when I went off to college on a full athletic scholarship it was a different story.
I thought, “Oh my gosh, this is way over my head, how am I going to be able to get through this?”
Harvard Changes Alma Mater For “Diversity” Concerns
Submitted by The College Fix
A task force charged with improving diversity issues on Harvard’s campus recently finalized a decision to alter the lyrics of the school’s alma mater due to concerns that it was not sufficiently diverse.
The lyrics in question, “till the stock of the Puritans die,” was altered to read instead “till the stars in the firmament die,” according to The Harvard Crimson.
The excised line refers to the Puritans who played an important role in Massachusetts history. One of the earliest presidents of Harvard, Increase Mather, was a prominent Puritan in the early colony.
According to the diversity task force, the line in question “fails in its own aspiration to project a valuable Puritan commitment to education into the future.”
“The line reduces human experience to biology with the word ‘stock,’ and ties the commitment to education to ethnic lineage and to the rise and fall of racial groupings.”
University president Drew Faust praised the new lyrics, stating, according to The Crimson: “When it comes time to sing our alma mater, updated at the suggestion of the task force, I will proudly give voice to the song’s new final line—and its recognition that the pursuit of truth and knowledge belongs to everyone at Harvard, from all backgrounds and beliefs.”