| It's only your investments that are failing (assuming you are a US taxpayer). The servicers are paid to service; they don't own the instrument. You own the actual debt. Think of it as a particularly regressive tax -- levied against everyone (including the SEVENTY PERCENT of people who couldn't access higher education) to fund the relatively small and precious set who got a four year degree and couldn't even manage to pay off a used Toyota Corolla with the skills they learned. If this angers you, write your congressperson and urge them to completely defund the research agencies -- NSF, NIH, DARPA, AFRL, the National Labs, and so on. These institutions are rotten to the core and are today completely controlled by twitter personalities. We can get a working man's jubilee by killing off funding for useless junk. I have a college degree and a PhD. I have faculty in my immediate family. We feel the same way. Hit academics -- and academia -- where it hurts. The research these agencies fund is NOT an investment in research. It's just BS soft money that allows professors to be a jet setting group. I promise you that these faculty literally laugh about their obligation to the US taxpayer, right before flying off to Europe for skiing or a nice summer vacation after their conference. Pick a faculty member and go read the names of countries where they present their papers. I also promise you that the research is useless. Go read the proceedings of any CS conference. To pay working class folks back for student loan jubilee, we should start by cancelling Twitter-personality-cum-faculty's summer jet setting vacay by defunding the NSF's Division of Computer and Network Systems. |