Reading this…it got me in my feelings. There’s something fundamentally wrong to me with this.
College Grads Sell Stakes in Themselves to Wall Street
Instead of taking out loans, students can agree to hand over part of their future earnings in return for investment.
By Claire Boston
To pay for college, Amy Wroblewski sold a piece of her future. Every month, for eight-and-a-half years, she must turn over a set percentage of her salary to investors. Today, about a year after graduation, Wroblewski makes $50,000 a year as a higher education recruiter in Winchester, Va. So the cut comes to $279 a month, less than her car payment.
If the 23-year-old becomes a star in her field, she could pay twice as much. If she loses her job, she won’t have to pay anything, and investors will be out of luck until she finds work.
Wroblewski struck this unusual deal as an undergraduate at public Purdue University in West Lafayette, Ind. To fund part of the cost of her degree in strategy and organizational management, she sidestepped the common source of money, a student loan. Instead, she agreed to hand over part of her future earnings through a new kind of financial instrument called an income-sharing agreement, or ISA. In a sense, financiers are transforming student debtors into stock investments, with much of the same risk and, ideally, return.
In Wall Street terms, Wroblewski, a first-generation college student, is more small-company stock than Microsoft.
Those qualities impressed a company called Vemo Education, which vets students at Purdue and a handful of other schools on behalf of potential investors. More important, perhaps, Wroblewski believes in herself and her ability to make good on the contract. “Even with all my other loans, I knew I could make it work,” says Wroblewski.
Americans owe $1.5 trillion in higher education debt, a burden that weighs down their dreams and the U.S. economy. The Federal Reserve says millennials are now less likely to buy homes than young people were in 2005, and even senior citizens find themselves still making payments on their student loans.
We have $1.5 TRILLION in that debt. It really should be forgiven. 10 years of paying the loans, and they should be forgiven. President Obama created the public service program, but, right when the first group of people eligible to get the forgiveness, the demons in this Administration approved LESS THAN 1% OF THE QUALIFIED.
You read it – LESS THAN 1%.
Relieving our next generations of the burden of student loan debt would be such an engine for this country. Especially in the Black community, because, even though Black women are the highest educated group, that education comes with a lot of loans, because we don’t have parents with trust funds paying for the education. The money used to pay off the loans could be used to invest, to buy property, to fund small businesses. The student loans are draining that from our society. But, I don’t think people SELLING THEMSELVES is the way to resolve it.
https://twitter.com/democracynow/status/1118130172589498369
https://twitter.com/nycsouthpaw/status/1117948492712960000
https://twitter.com/Ilhan/status/1117908939079708673
https://twitter.com/Nature_pixxx/status/1116943322965090306
Poor horse. This brought tears to my eyes and hurt my heart.
Same.
https://twitter.com/HenryLouisGates/status/1117865171035119618
https://twitter.com/France24_en/status/1117888497178726400
https://twitter.com/TPM/status/1117926622437543936
Yes, we know. The occupant in the WH is an idiot.
https://twitter.com/CNN/status/1117879125815877632
https://twitter.com/washingtonpost/status/1117909890482094080
Gag me…
https://twitter.com/atrupar/status/1117844701078593542
https://twitter.com/ashtonpittman/status/1117917049592762368
Tom Watson (@tomwatson) Tweeted:
So the Sanders campaign clearly negotiated a 6 pm news embargo on his tax returns, timed to dump just before his Fox News forum. The news media went along for the ride. Got give ’em props for sneakiness. 😐 https://twitter.com/tomwatson/status/1117912833201623040?s=17
Wants them dead, both of them.
https://twitter.com/realDonaldTrump/status/1117782316557000704
https://twitter.com/CNN/status/1117911268331933698
https://twitter.com/aterkel/status/1117816780725080067
https://twitter.com/Kennymack1971/status/1117917077304557569
https://twitter.com/RepRaulGrijalva/status/1117881555861557248
https://twitter.com/lolonghi/status/1117890122530246656
Who gone check’em BOO?!
https://twitter.com/NBCPolitics/status/1117904826795483136
Me’Sa Dyani 💕 (@Dyani_2u) Tweeted:
@notcapnamerica Gay white men always expecting to be handed some sort of prize of adversity but be the first ones to minimize the concerns of people of color in the LGBTQ community and in my experience very dismissive of race issues in general https://twitter.com/Dyani_2u/status/1117905550136627200?s=17
Isn’t this Mr. Impeach Trump vanity project?
Kenneth P. Vogel (@kenvogel) Tweeted:
NEW: @TomSteyer, a multi-million $ donor to @AmProg, is not pleased about @thinkprogress’ video critiquing @BernieSanders: “I will use my voice on CAP’s Board of Directors to discourage any such attacks on any candidate seeking the Democratic nomination in the future.” https://t.co/4WfA7yuMj4 https://twitter.com/kenvogel/status/1117842864350822407?s=17
https://twitter.com/TheRoot/status/1117893043066232832
Matt Murphy (@MattMurph24) Tweeted:
White dudes still think they’re the base of the Democratic Party. Sorry guys, we’re not. Black women are and will forever be the bedrock of the Democratic Party. Be an ally, not an obstacle. Follow their lead, don’t ignore them. https://twitter.com/MattMurph24/status/1117885624382623744?s=17
Ladies,
I am going to write a post about Notre Dame
https://twitter.com/NewsBreaking/status/1117881569425809410
https://twitter.com/Paris/status/1117873459705421826
I just can’t 😭😭😭
https://twitter.com/France24_en/status/1117880221313540096
Girl Anachronism (@Gwynnion) Tweeted:
The late pile on of white male candidates and the nonstop fawning media attention they’ve received suggests a semi-coordinated effort to bury the serious candidates who declared early and who just happen to be mostly women and/or people of color. https://twitter.com/Gwynnion/status/1117882551777972225?s=17
Denizcan James (@MrFilmkritik) Tweeted:
Mike Pence immediately tweeted about the Notre-Dame Cathedral fire.
I don’t remember Pence ever mentioning the three historically black churches that were burnt down by a white supremacist/domestic terrorist. Speaks volumes. https://twitter.com/MrFilmkritik/status/1117879800612286464?s=17
😒😒😒
https://twitter.com/TPM/status/1117879411947261953
Joyce Karam (@Joyce_Karam) Tweeted:
“Good news: all the artworks have been saved. The treasure of the cathedral is intact, the crown of thorns, the holy sacraments. #NOTRE_DAME” https://t.co/Q91Kr8M0NI https://twitter.com/Joyce_Karam/status/1117874364123365377?s=17
😍😍😍
https://twitter.com/andrewfalloon/status/1117303245829885952
Armando (@armandodkos) Tweeted:
Every candidate will be vetted. Biden, Bernie, Beto, Pete, Kamala, etc.
Only one is trying to browbeat people into silence.
Bernie Sanders. We reject your Trumpian intimidation tactics.
We will not be silenced. https://t.co/2kB4UuICoF https://twitter.com/armandodkos/status/1117462114002718720?s=17
https://twitter.com/kazweida/status/1117861328121524224
https://twitter.com/nadabakos/status/1117860682756689925
This is so, so sad. That fire is raging. Looks like they can expect the worst from this.
https://twitter.com/MeritLaw/status/1117838525167173632
Right now, feeling so SO grateful that only 4 days ago the 16 copper statues were taken down from the spire of #NotreDame.
12 apostles + 4 evangelists (St Luke = steer, St Mark = lion, St John = eagle & St Matthew = angel)
They, at least, are safe.
😓 pic.twitter.com/x4DzcYDGml
— Elodie’s Paris (@Paris_by_Elodie) April 15, 2019
Nooooooooo
nothing but sobs
850 years of history….
What some Southern Democrats think about the 2020 Field
https://twitter.com/VaughnHillyard/status/1117855220518850562
Smart, clear, responses
😪😪😪😪
https://twitter.com/kathrynw5/status/1117854945741504512
https://twitter.com/AbuYoshi/status/1117852645564108800
OMG! This is tragic.
https://twitter.com/patrickgaley/status/1117848909877895171
https://twitter.com/VABVOX/status/1117854767500283904
Ana Navarro-Cárdenas (@ananavarro) Tweeted:
Disagreeing with @IlhanMN is fair game. She’s a public figure in the spotlight. But what Trump is trying to do in portraying her as a scary black Muslim and an albatross around every Democrat’s neck, is a transparent Islamophobic dog-whistle for political gain. It’s plain wrong. https://t.co/J3B1ntoaAs https://twitter.com/ananavarro/status/1117785001473511425?s=17
The sad sad moment #NotreDame’s spire fellpic.twitter.com/66CylC4sVB
— 🆃🅷🅸🅽🅺🅴🆁 (@4x4nz) April 15, 2019
https://twitter.com/almacy/status/1117835910131978241
Woa… We were there in 2014
https://twitter.com/BBuchman_CNS/status/1117837654769451009
https://twitter.com/NewsBreaking/status/1117839439693111296
NOOOOOOOO!!
Fire engulfs the historic Notre-Dame cathedral in Paris with huge plume of smoke seen billowing from the roof
By GEORGE MARTIN FOR MAILONLINE
PUBLISHED: 13:10 EDT, 15 April 2019 | UPDATED: 13:20 EDT, 15 April 2019
A fire has broken out at the world-famous Notre-Dame cathedral in Paris.
Pictures posted on social media showed enormous plumes of smoke billowing into the city’s skyline as firefighters rushed to the historic site.
According to French newspaper Le Monde, the fire broke out in the attic of the historic monument before spreading to engulf a large section of the roof.
Obstruction of Justice……………..
https://twitter.com/desiderioDC/status/1117804971297312773
NFL player who saves nearly 90% of his income teaches a money class at Penn called ‘Life 101’
Published Sat, Mar 2 2019 • 9:30 AM EST Updated Mon, Mar 4 2019 • 2:59 PM EST
https://twitter.com/eji_org/status/1117759477141397509
HMMMM
The Media Gaslighting of 2020’s Most Likable Candidate
Elizabeth Warren has proven over and over that she’s a charismatic figure. Why do we keep casting her as a nagging schoolmarm?
Sady Doyle
At CNN’s town hall event on Monday, the American people saw something we’d been told was impossible: Elizabeth Warren winning over a crowd.
The Massachusetts senator took aim at a variety of subjects: the Electoral College, Mississippi’s racist state flag, the rise of white nationalism. Always, she was met with thunderous applause. Even a simple Bible verse — from Matthew 25:35–40, about moral obligation to the poor and hungry — prompted cheers so loud and prolonged that Warren had to pause and repeat herself in order to make her voice heard over the noise. Yet this was the same woman the media routinely frames as too wonky, too nerdy, too socially stunted. But then, Warren has always been an exceptionally charismatic candidate. We just forget that fact when she’s campaigning — due, in large part, to our deep and lingering distrust for female intelligence.
Warren is bursting with what we might call “charisma” in male candidates: She has the folksy demeanor of Joe Biden, the ferocious conviction of Bernie Sanders, the deep intelligence of fellow law professor Barack Obama. But Warren is not a man, and so those traits are framed as liabilities, rather than strengths. According to the media, Warren is an uptight schoolmarm, a “wonky professor,” a scold, a wimpy Dukakis, a wooden John Kerry, or (worse) a nerdier Al Gore.
https://twitter.com/RepresentMeAZ/status/1117795909717200896
https://twitter.com/RepresentMeAZ/status/1117795849109553153
https://twitter.com/CREWcrew/status/1117812394292580353
https://twitter.com/justinjm1/status/1117811302301409281
https://twitter.com/justinjm1/status/1117810938114080768
Look y’all. ALWAYS trying to compare folks with President Obama…………..
https://twitter.com/jennaketch/status/1117563250361753601
Word of the Day : April 15, 2019
Katzenjammer: noun KAT-sun-jam-er
Definition
1 : hangover
2 : distress, depression, or confusion resembling that caused by a hangover
3 : a discordant clamor
theGrio.com (@theGrio) Tweeted:
These Missouri high school students were trying to honor the national Day of Silence, which raises awareness of the bullying of LGBTQ students.
Instead, they were greeted by fellow classmates waving their Confederate flag.
https://t.co/rIctFjN4Al https://twitter.com/theGrio/status/1117759476793249793?s=17
😠😠😠
Melanie Jean (@princessmom122) Tweeted:
Howard Dean and Paul Krugman frighten me. They fell for Bernie’s ridiculous spin immediately. They’ve learned nothing. https://twitter.com/princessmom122/status/1117569417615900672?s=17
BlueSteelDC (@BlueSteelDC) Tweeted:
Didn’t Bernie pledge to run a clean campaign and not attack other Dems?
Yeah and didn’t I say – it would last two seconds before he attacks other Dems and organizations. Probably in his fundraising email.
Bernie is liar. But if you didn’t see this coming after 4 yrs your a fool https://t.co/urK5dLMAno https://twitter.com/BlueSteelDC/status/1117748029812084736?s=17
THREAD
Timothy Snyder (@TimothyDSnyder) Tweeted:
0/50 Why we do think that Mr. Trump owes a debt to Mr. Putin? Here are fifty reasons. All of the facts are a matter of public record, and all of the sources can be found in my book The Road to Unfreedom. #RoadToUnfreedom https://twitter.com/TimothyDSnyder/status/1117433512863371267?s=17
Yes, Mr. Blow👏👏👏
https://twitter.com/CharlesMBlow/status/1117576524691951617
Yep
cjtown (@ladyc10) Tweeted:
This is what Dems are up against, non stop money to retain power. DEMs not taking pac money or trashing corporations who’s employees donate to DEMs are damn fools. https://t.co/GhtZds7CoH https://twitter.com/ladyc10/status/1117572778914451457?s=17
Hmmm🤔🤔
Lawrence O’Donnell (@Lawrence) Tweeted:
I’ll ask this again: why are the women candidates doing a much better job with their tax returns than the men?? https://t.co/q4LHRusyIJ https://twitter.com/Lawrence/status/1117643430858055680?s=17
Uh huh😒😒
Stephen Robinson (@SER1897) Tweeted:
White people want to believe this is how Trump won. He didn’t. He lost on the economy. He won on fear, specifically “immigration” and “terrorism.”
He’ll beat your ass like your momma if you don’t acknowledge how he won the first time. https://t.co/vKGkpUCb36 https://twitter.com/SER1897/status/1117224255056334848?s=17
Tom Watson (@tomwatson) Tweeted:
Folks, the Sanders campaign self destructed today. It’s as simple as that. Bernie Sanders attacked liberal civil society to settle a few petty personal scores. We’ve already got a President who does that. It’s disqualifying. https://twitter.com/tomwatson/status/1117597712223035394?s=17
Marcus H. Johnson (@marcushjohnson) Tweeted:
This move will play great with the online true believers, but will upset the mainstream Dems Bernie actually needs to win. What outreach has Bernie done to Clinton voters? Absolutely zero. Look at his polling numbers in the south? Terrible https://t.co/FpptN8NA5W https://twitter.com/marcushjohnson/status/1117633810416525317?s=17
In the video I watched earlier in this thread, I found it very telling that none of the Dems who mentioned their top Dem candidates for 2020 mentioned Bernie Sanders. He is a divisive, self-serving, arrogant POS, and I think most sane Dems know it. He’s doing DJT’s job of dividing the Democratic Party, a party he can’t be bothered aligning himself with until he wants to run for POTUS. He didn’t get one cent or a vote from me in 2016, and my plan as far as he is concerned remains the same for 2020.
Erin Cohan (@erincohan) Tweeted:
As if it wasn’t outrageous enough to frame critical press coverage by @thinkprogress as an attack by @amprog, now the @BernieSanders campaign is fundraising off it with violent rhetoric, saying CAP needs to “pay a price”.
Appalling. https://twitter.com/erincohan/status/1117476960337141760?s=17
The Dallas County DA is Black 😒😒
Greg Abbott (@GregAbbott_TX) Tweeted:
Dallas Co. District Attorney stokes crime by refusing to prosecute theft of personal items worth less than $750. If someone is hungry they can just steal some food. If cold, steal a coat. Where does it end? It’s wealth redistribution by theft. #txlege https://t.co/dqfYogr4NX https://twitter.com/GregAbbott_TX/status/1117634208405557248?s=17
👏👏👏👏
HBCU Guru- The 107 (@The107_hbcu) Tweeted:
Muskogee, OK high school senior, told by a stranger that black people can’t be valedictorian, is accepted to 62 colleges -reveals she’s headed to #HBCU @AlcornStateU!
https://t.co/Qhw94ZNlds https://twitter.com/The107_hbcu/status/1117475500153344000?s=17
Truth 👏👏
Barbara Lee (@BLeeForCongress) Tweeted:
Always remember: there would be no Democratic Party without African American women. https://twitter.com/BLeeForCongress/status/1117595393343348736?s=17
🇺🇸🇭🇹 Only4RM 🇭🇹🇺🇸 (@Only4RM) Tweeted:
I’m sorry, were they NOT supposed to talk about your big piles of cash @BernieSanders? After you went digging through Hillary Clinton’s tax returns THAT SHE RELEASED and made it seem as if her perfectly legal income was somehow ill-gotten? GFYAH. https://t.co/BhlDB0HTq9 https://twitter.com/Only4RM/status/1117657517906169856?s=17
Tea Pain (@TeaPainUSA) Tweeted:
The White House has prepared a 200 page rebuttal to the Mueller report. If the Mueller Report is a “complete and total exoneration”, why would you need to rebut it?
Mark it down. Even the redacted report will show ample evidence of collusion and obstruction. https://twitter.com/TeaPainUSA/status/1117644075371520000?s=17
Hmmph 😒 😒
Marcus H. Johnson (@marcushjohnson) Tweeted:
We’ve talked about how attacking CAP and ThinkProgress is wrong on the merits, but it is also stupid strategy. Bernie has been bleeding support since 2016 and desperately needs to expand his base. Furiously attacking mainstream Dems is the dumbest possible thing you could do https://t.co/oVKIp652QT https://twitter.com/marcushjohnson/status/1117631129920651264?s=17
Candice Aiston (@CandiceAiston) Tweeted:
While you were outraged that Nancy wasn’t on Twitter making useless statements, she was doing the actual work of making sure that Rep. Omar, her family, and staff are actually protected. Today’s statement also condemns Trump. https://t.co/nRuAMmXcAE https://twitter.com/CandiceAiston/status/1117521295397154816?s=17
Simon Rosenberg (@SimonWDC) Tweeted:
Bernie’s team better toughen up. An awful lot of Democrats are not happy a guy who refuses to call himself a Democrat is running in the Democratic Primary for President; really hard to understand rationale of asking to become the leader of a party you refuse to join. https://twitter.com/SimonWDC/status/1117530447272189952?s=17
🇺🇸🇭🇹 Only4RM 🇭🇹🇺🇸 (@Only4RM) Tweeted:
Oh dear. No. Sorry. No Republicans in top posts. This naivete is how we got Gates who ended up ushering in Tillerson as Sec of State for his paid client Exxon and Comey who… well… you’re on the Intel Committee, you know better than I do everything Comey cost us. @RepSwalwell https://t.co/sEsOcVok3i https://twitter.com/Only4RM/status/1117656803192582144?s=17
Wow😮
This is beautiful 😍😍
https://twitter.com/photo5065/status/1117097055799992320
Congratulations Tiger👏👏
https://twitter.com/espn/status/1117653696974860289
John O. Brennan (@JohnBrennan) Tweeted:
Your unfitness for office has never been more stark, your lack of humanity never more apparent, your politics never more craven, & your ultimate political ignominy never more certain. https://t.co/6XzuWVYZYJ https://twitter.com/JohnBrennan/status/1116821069648879616?s=17
Interesting
https://twitter.com/skepticalbrotha/status/1117657720809717760
Top Marine general let emails leak so service families would not be forgotten in border funding fight: Sources http://www.newsweek.com/border-funding-general-trump-defense-1382113
The wealth of California today, is based on “free” tuition from 1950s to 1970s. Students from all over the country came to study and stayed – Silicon Valley based on free tuition.
https://twitter.com/NYDailyNews/status/1117614744746319872
https://twitter.com/SilverAdie/status/1117493532925804544
https://twitter.com/SpeakerPelosi/status/1117499876328267787
Kyle Griffin (@kylegriffin1) Tweeted:
Stahl: Here’s what you’ve said. You’ve said, ‘If someone’s ripping your face off. You rip their face off.’
Pelosi: Oh yeah, I would do that.
…
Pelosi: Yeah, I probably said that. Yeah. They just have to know. You throw a punch, you better take a punch.
Via CBS https://t.co/xg8D9ILDfP https://twitter.com/kylegriffin1/status/1117593389199794176?s=17
https://twitter.com/kylegriffin1/status/1117187001537536000
Three Women Of Color Selected For DNC Senior Leadership Roles
https://www.essence.com/news/three-women-of-color-selected-for-dnc-senior-leadership-roles/
Awe 😍😍
https://twitter.com/i_iove_nature/status/1117042270983917569
Good Morning, Everyone 😄😄😄
Good Morning, Rikyrah & Everyone.