Now That I’ve Graduated…
From Alternet’s Are Students the New Indentured Servants?: “College student-loan debt has revived the spirit of indenture for a sizable proportion of contemporary Americans…Because of its unprecedented and escalating amounts, it is a major constraint that looms over the lives of those so contracted, binding individuals for a significant part of their future work lives. Although it has more varied application, less direct effects, and less severe conditions than colonial indenture did (some have less and some greater debt, some attain better incomes) and it does not bind one to a particular job, student debt permeates everyday experience with concern over the monthly chit and encumbers job and life choices.”