Forum Post: Colleges Pay Presidents MILLIONS while creating indebted slaves known as students.
Posted 12 years ago on Dec. 21, 2011, 7:27 a.m. EST by bill1102inf2
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Vanderbilt University paid its chancellor, Nicholas Zeppos, $1.9 million
Quinnipiac University, located in Hamden, Conn., is in the same boat. Its president, John Lahey, made $1.2 million
University of Pennsylvania, Amy Gutmann, still earned a handsome base salary of nearly $900,000 in 2009, the main chunk of her $1.3 million in total compensation, according to the university's tax filings.
The list is almost endless. Where is this money coming from? Why from students taking out LOANS to pay for the lifestyles of the rich and wannabe famous!!!
Enjoy being a slave to make the 1% rich folks!! Its good training for when you graduate!
Our young people should , get large college loans, learn a foreign language with the money- then upon graduation- leave this country and get a job- outside of this police state.
http://tinyurl.com/7rvpv43
that is exactly what they should do
Sure, steal the money for your education and then leave. The cool thing about that is how your education would only just be starting. Yeah, you'll learn real soon about what real police states look like and come whimpering home soon enough.
Yes!! steal the money back from the 1% who stole it from us- Go overseas and get a job ( there are none here ) get some experience- By then ows will have removed this police state from power and the usa will then be a democracy- AGAIN
::::::::Risk And The Indentured Servitude Of Student Loans::::::::
http://www.zerohedge.com/news/guest-post-risk-and-indentured-servitude-student-loans
-12/22/2011-
Risk And The Indentured Servitude Of Student Loans:
Students stuck with gargantuan loans for life are bound in a bank-dominated "improvement" of indentured servitude.
Yesterday... (Risk is Necessary for Adaptation, Innovation and Success http://www.oftwominds.com/blogdec11/risk-success12-11.html ) ...I discussed the inevitable failure of systems in which risk has been transferred from those who reap the gain to others. In the case of student loans, the risk has been transferred to students who enter decades of indentured servitude.
Indentured servitude has a long history in the U.S.; many immigrants accepted servitude of between two and seven years in exchange for passage to the New World. Orphans were indentured out of orphanages to the age of 21--potentially a much longer servitude. Indeed, the labor of anyone on the public dole could be auctioned off......
(((Continue Reading Here)))
http://www.zerohedge.com/news/guest-post-risk-and-indentured-servitude-student-loans
Here is my favorite documentary on the whole college loan racket. It is disgusting that these University Presidents are raking in the big bucks, even in this bad economy while their students can't launch their career and are sinking in student loan debt.
I keep telling everyone I know near college age to research their degree throughly, stay away from private universities, and don't allow themselves to get in over their head in debt. Take a semester or two off and get a job, so that they can offset some that that cost. In the end colleges are a business and at the end of the day it is all about the money. So everyone needs to look out for themselves.
http://youtu.be/VpZtX32sKVE
Great Post, I think the -Student Loan Bubble- is ready to pop. Where did you find this story? lol =) good thing I'm feeling a little googly today (((More Links!)))
Good to meet you, bill1102inf2
You're right. But "popping" simple means that students might at last smarten up a little about borrowing money and consequences. They might, just might start to become better consumers of education. And if they so smarten up a little, the schools will come under some pressure to control costs and become more value conscious. Maybe raises in the sociology department would have to be put on hold if fewer dopey kids with borrowed money were so carelessly willing to take their classes. LOL.
just go to school and study either economics or financial engineering and go to work on wall street as an investment banker and sell unregulated derivatives in the form of toxic debt to all takers from individual loan borrows or countries....
make a billion dollars, and call it day... too easy...
No, just study something that matters like engineering or the sciences. Employers are starved for people with actual skills. If you avoid burying yourself in debt, study something other than Women's Studies, Sociology or some other soft major, and apply yourself, you'll be fine.
pay off city cops via your billionaire mayor friend who bought his way into office, if those broke college kids protest... the cops will beat them and pepper spray them while you safely walk to your expensive car (not made in this country), while wearing your expensive suit (not made in this country), and telling time with your expensive watch (also not made in this country)...
because America makes crap, and it's worth is really only ripping of unsuspecting citizens who were dumb enough to study things other than financial engineering...
too easy... path way to riches baby... and use some of those millions of yours to elect and lobby for politicians to reduce any taxes on those derivatives sales that give you and your crony buds billions...
life is a dream...
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100% CORRECT....If you disagree , you are still under the spell. The college bubble started leaking in the late 90s, and had popped. More unemployed on the way. BS to work as cashier... Waste of time. Law and medical, potential but they pay forever, Return on investment you are better off working and earning experience and taking classes to supplement your field.
Watch these with an open mind....
http://www.youtube.com/watch?v=3E13Yi7N-4I
You must watch this, it is an hour long but worth your time...
http://www.youtube.com/watch?v=VpZtX32sKVE
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College students are supposed to be our best and brightest. Tuition doesn't cost what it costs because of administration salaries, it costs what it costs because students pay it. If our best and brightest weren't so reckless with borrowed money, schools wouldn't be so reckless in what they charge.
This generation is truly hopeless. Even the simplest things about borrowing money, the obligation to pay it back, and connection between what you study and future earnings are utterly lost on them.
NO, it costs what it costs because determined by HOW MUCH FED GOV will LOAN YOU
Sure, that's true. Dopey students will borrow themselves blind and their ability to do so has fueled education inflation. Government gave them that ability.
College is expensive period. Debt is going to be racked up regardless of what college you go to, that is unless your parents saved a lot toward your college education or you go to college part time and work part time.
Yes, some naive students go in way over the heads--but that is not everyone.
Wrongo. Debt is not necessarily going to be racked up. Your response, though, typifies the debt culture that created so many problems.
Choices exist. Do I need to list them? What one studies is also a choice. The dopey the major and the worse you do, the less you better have borrowed. That little gem too was lost on this generation.
You call people who make between 1.9 mill and 900,000- not the whole 1.3 million(with no time frames given for any of these examples) 1% now?! You people get funnier everyday. The school gets the money from the government. Why else do you think they would give your broke ass a loan?? Pay what you owe. You signed the slip, pay the bill.