Radio WIBG: Lauren Tooker on student debt and women bearing the brunt

20 October 2015 by Brigitte Marti , Lauren Tooker

At the CADTM Summer University, the workshop on private debt and resistance broached the system of private debt as debt that is forced on people as public debt is forced on States. The workshop covered micro lending in Morocco, mortgage Mortgage A loan made against property collateral. There are two sorts of mortgages:
1) the most common form where the property that the loan is used to purchase is used as the collateral;
2) a broader use of property to guarantee any loan: it is sufficient that the borrower possesses and engages the property as collateral.
loan based eviction in Spain, financialization processes in Eastern Europe, and student loans in the UK.

Lauren Tooker talked to us about the student loan crisis in the UK. In 2012 a reform swept the universities in the UK introducing an important increase in education fees. This reform came with a system of loans specially designed to create a source of profit Profit The positive gain yielded from a company’s activity. Net profit is profit after tax. Distributable profit is the part of the net profit which can be distributed to the shareholders. at the expense of equality in education. With a student debt system, women and minorities are losing space and rights.
The United Kingdom is the first European Country that has followed the path of the United States in the direction of for-profit education. As the scandal of the student unfair loan system in the United States is becoming more visible, finally hitting the news, the UK students have decided to organize and take action. Lauren came to the CADTM to link their struggle to the anti debt movement in general.

Resistance comes with conscientization, building spaces and organizing. Listen to Lauren Tooker.


Laurent Tooker Interview
IMG/mp3/Lauren13092015.mp3

(Recording and picture of Lauren Tooker by Brigitte Marti)

Source : Women in and Beyond the Global

CADTM

COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT

35 rue Fabry
4000 - Liège- Belgique

00324 226 62 85
info@cadtm.org

cadtm.org