Company’s march toward student loan monopoly scary

Most well-read Americans are aware at this point that corruption is rampant in the U.S. student loan system.

Some university officials receiving kickbacks from student loan companies have been steering their students toward these lenders. Some financial aid administrators were holding stock in these companies and going on expenses-paid luxury vacations to exotic locations offered by lenders.

Even U.S. Department of Education officials have held stock in the very same companies they were supposed to be overseeing.

This is alarming, to be sure. However, the real story is the astonishing lack of consumer protections and the Draconian collection tools given to the industry by Congress that make these loans so wildly profitable. They have led to the financial demise of millions of Americans.

Get ripped off here.