Wall Street’s new student loan scheme: Subprime loans are coming to financial aid
"This in effect turns student learning – and by extension, the students themselves – into a commodity that can be speculated on. In a financial environment populated with ISA investors, students then become like pork bellies or yen, and schools get turned into test-preparation factories, ignoring subjects and skills that are not assessed.
That could be what Wall Street wants, an education system focused on spitting out products that fit into pre-conceived business models, while less money goes toward educating those “other kids"."
