“Before there was money there was debt. Money is simply a symbol for debt.” – “Before there was money there was debt. Money is simply a symbol for debt.”
Betrayed By The Dream is a project focusing on the American student loan crisis – currently valued at 1.3 trillion dollars and set to double by 2025.
We are collecting and asking for your very own personal stories on how the dream, the American Dream, the promise of college leading to more, the lack of help or support from our government peddling this dream, and how the outlandish acts of student loan companies can leave students betrayed, afraid, and not allowed to pursue their dreams or take risk in any way.
We are focusing on all the corruption and lies attached to pursuing a higher education. A higher education that we are told will benefit us, not harm us; an education that is supposed to lift us up, not break us down. This project focuses on individuals stories, truths, struggles, and success of their battle with student loans and the fight of achieving more.
Right now, the United States government charges an interest rate on student loans that covers the administrative costs, covers the bad-debt losses, covers the cost of funds and then — on top of all that — makes a profit for the government. How much profit? Well, the loans that were put out between 2007 and 2012, is on target right now to produce $66 billion in profits for the United States government.
We will get behind the corruption, the lies, and how it is affecting us on the ground floor.
Arundhati Roy: “The trouble is that once you see it, you can’t unsee it. And once you’ve seen it, keeping quiet, saying nothing, becomes as political an act as speaking out. There’s no innocence. Either way, you’re accountable.”