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How to Be an IntellectualEssays on Criticism, Culture, and the University$
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Jeffrey J. Williams

Print publication date: 2014

Print ISBN-13: 9780823263806

Published to Fordham Scholarship Online: May 2015

DOI: 10.5422/fordham/9780823263806.001.0001

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Student Debt and the Spirit of Indenture

Student Debt and the Spirit of Indenture

Chapter:
(p.134) Twenty Student Debt and the Spirit of Indenture
Source:
How to Be an Intellectual
Author(s):

Jeffrey J. Williams

Publisher:
Fordham University Press
DOI:10.5422/fordham/9780823263806.003.0021

This chapter demonstrates that contemporary college student loan debt in the U.S. is similar to colonial indenture. It reviews the history of indentured servitude and shows how student debt literally reproduces some of its terms-in the idea of debt of the worker to pay for his path to a job; length of obligation and substantial amounts of debt; limited recourse; a related brokerage system; and governmental sanction. It argues against the exploitive system of current student debt and the justice that someone can sign their life to such a bond.

Keywords:   Student debt, Indentured servitude, The corporate university, Crisis of higher education, Neoliberalism

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