— The Daily Beast » Millions of young adults are graduating from college and professional schools with massive amounts of educational debt—debt that, thanks to sweetheart legislative deals that lined the pockets of bankers, cannot be discharged in bankruptcy. In just the past decade, total outstanding educational debt in America has risen more than five-fold, from $180 billion to nearly $1 trillion. Meanwhile, the international crisis of global capitalism has led employers large and small to do everything possible to cut labor costs.