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The Dangers Of Mexico´S Student Loan Program, Marion W. Lloyd
The Dangers Of Mexico´S Student Loan Program, Marion W. Lloyd
Marion Lloyd
In unveiling Mexico´s first nationwide, federal student loan program in January 2012, President Felipe Calderón cited the “success” of similar programs in the United States, Chile, Colombia and Great Britain in democratizing access to higher education and boosting enrollment. However, the president did not mention that those programs have led to staggering levels of student debt in all those countries and fueled recent mass protests against the student loan model. Calderón also failed to mention that the terms of the Mexican program are among the most onerous in the world, including 10%-plus interest rates and short-term payment periods.
The Dangers Of Mexico’S New Student-Loan Program, Marion Lloyd
The Dangers Of Mexico’S New Student-Loan Program, Marion Lloyd
Marion Lloyd
Ignoring protests in countries around the world against skyrocketing student debt, Mexican President, Felipe Calderón announced the country´s first federally backed student-loan program, citing those countries as examples. It´s a cynical proposition.