Five Ways Student Debt Resistance Is Taking Off
In March 2012, 36 protesters were arrested for blocking the street outside Sallie Mae’s offices. A year later, students introduced a shareholder resolution calling for the company to disclose its executive bonus structure, its lobbying practices, and its connections with ALEC. Now, more than a month after leaving ALEC, the company still languishes under federal investigation for charging higher interest rates and fees to students of color, evidence that it failed to reduce interest rates for military service-members, and calls for the Department of Education to cut its contract.