"Redlining" is a term coined by community activists in 1960s Chicago. It refers to mortgage brokers excluding predominantly black inner-city neighborhoods from getting loans for housing, and by extension, to any discrimination achieved by drawing arbitrary lines.
One of the reasons our debt-based college aid system puts up barriers to college access is that student loans are treated differently under the law than any other unsecured debt.
In the case of a defaulted student loan, student-loan guarantee agencies… more
I'm writing this post from beautiful, sunny Las Vegas, Nevada, where I just gave a talk and saved hundreds of dollars by not gambling. It strikes me that the casino business and the student loan business have something in common: the house can't lose.
