(ZEROHEDGE) – A friend sent me a news item from U.S. News and World Report which reported that Louisiana’s board of education is going to implement a new policy which requires all students to fill out a Free Application for Federal Student Aid in order to receive a high school diploma.
Think about that for a moment. In order to receive a high diploma, the State of Louisiana is requiring that high school seniors fill out an application which would enable them to go into debt the moment they receive their diploma.
This is a mind-blowing event. Most jobs available to high school grads do not require a college degree. But some might require a high school diploma. I have to wonder what the motive is behind this. A significant portion of student debt is now being used for corporate-owned “universities” which are largely worthless to everyone except the entities who own the schools. Goldman Sachs is a big player in this space. Student debt, backed by the Taxpayer, is just another form of wealth transfer from the public to the banks and big corporations.
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