Debt.

http://education-law.lawyers.com/school-la...oblessness.html

This is interesting

It seems that a student is suing a college in America because it has not delivered on promises of a high paid job because of the qualifications it offers. She is claiming a return of her tuition fees for breach of contract

As I noted in an earlier post, the pay premium for a degree is not likely to continue when more and more people have a degree: so the previous promise (explicit or implied) is false. But this student hasn't got a job at all. Course our neoliberals believe that all unemployment is voluntary, because they think that the market is magic etc. But this case challenges that view and if it goes forward it will be interesting to see how the case is defended. If the student can demonstrate that employment is dependent on there being available jobs, then you might think that the college cannot be held responsible: and you would be right, I think. But that completely undermines the neoliberal economic theory, by introducing the real world where it has no business to be . If the student can demonstrate that the college made a market offer based on that false premise then presumably it is no defence to say that you relied on this falsehood, in drawing up the contract, however. After all, it is not like nobody knows the theory is stupid.