The perils of student debt has inspired a bondage e-book, reports Kenneth Anderson on Volokh Conspiracy. Emily’s Debt posits a “very near future” in which student loan debtors are turned into slaves who can be abused with impunity.
Student loans can’t be discharged by bankruptcy. Anderson speculates that debtors will pressure politicians to change the rules.
A generation of students — and their parents, with whom they are living — in this job market, who took what looks now to be a sucker’s bet that mostly benefited universities, has to appear politically very different to politicians.
Federal investigators looking for evidence of student aid fraud broke down the door of a family home in Stockton, California and held the father in a patrol car for six hours; the three young children were held in a car for two hours. Kenneth Wright, who has no criminal record, wasn’t charged. Apparently, his estranged and absent wife is the suspect.
The Education Department’s Office of the Inspector General, which conducted the raid, recently bought new shotguns. Perhaps that’s why the pseudo-SWAT team didn’t just knock on the door, produce the search warrant and ask the family to stay with neighbors while the house was searched for phony loan applications.