Joshua P. Hochschild, Dean of the College of Liberal Arts at Mount St. Mary’s University in Emmitsburg, Md., points to the flaws of the current American student-loan system in the article “Welcome to Ginger and Pickles University” published March 11, 2015 in The Wall Street Journal. The article deals with the important issue of student-loans and the store like exchange America places on education. Hochschild’s article is written in response to President Obama’s signing of a “Student Aid Bill of Rights”. Hochschild expresses his concern with the student-loan system and its potential and possible future flaws.
Hochschild’s article starts with the summarization of the student loan crisis and labels it as another type of credit bubble and speaks of the similarity to the housing market bubble of 2008. Hochschild speaks …show more content…
This segment of the article does three things, first it relates the story to a challenging economic crisis, second it allows Hochschild to mention inflation and credit bubble for the first time, and third it makes Hochschild relatable to parent readers by offering the fact that he is a parent. Additionally, Hochschild begins to separate the housing crisis and Ginger and Pickles selling on credit idea’s but while making this differentiation Hochschild uses negative vocabulary alongside “borrowing on credit”. Hochschild attempt to associate borrowing on credit as a negative to the reader bolstering his conservative values and pushing the reader away from liberal values. Hochschild then turns to the main idea of his article, “…there is another kind of credit bubble, one in which the borrower has no collateral…it is the education bubble,”. Hochschild’s comparison of the “education bubble” to the “housing crisis of 2008” allows Hochschild to begin backing up his claims with fear
Hochschild’s article starts with the summarization of the student loan crisis and labels it as another type of credit bubble and speaks of the similarity to the housing market bubble of 2008. Hochschild speaks …show more content…
This segment of the article does three things, first it relates the story to a challenging economic crisis, second it allows Hochschild to mention inflation and credit bubble for the first time, and third it makes Hochschild relatable to parent readers by offering the fact that he is a parent. Additionally, Hochschild begins to separate the housing crisis and Ginger and Pickles selling on credit idea’s but while making this differentiation Hochschild uses negative vocabulary alongside “borrowing on credit”. Hochschild attempt to associate borrowing on credit as a negative to the reader bolstering his conservative values and pushing the reader away from liberal values. Hochschild then turns to the main idea of his article, “…there is another kind of credit bubble, one in which the borrower has no collateral…it is the education bubble,”. Hochschild’s comparison of the “education bubble” to the “housing crisis of 2008” allows Hochschild to begin backing up his claims with fear