Student Debt

Newsletter: Turn Widespread Discontent Into Mass Movement

November 20, 2016 Kevin Zeese and Margaret Flowers, www.PopularResistnace.org Newsletter #NoDAPL, Anti-War, Bigotry, Black Lives Matter (BLM), Civil Rights, Democratic Party, Donald Trump, Economic Justice, Healthcare, Immigration, Inequality, Racism, Student Debt, TPP, Trade

By Kevin Zeese and Margaret Flowers for Popular Resistance. With the election of Donald Trump as president the struggle continues for economic, racial and environmental justice. We knew we would be in struggle no matter who was elected and have been calling for #NoHoneymoon protests for months. We also support calls made for protests in the days before the inauguration and after them. We expect to see a growing presidency of protest under Trump as the movement will grow and continue to demand justice, human rights and a people-based democracy. We need to build now, provide a vision and have conversations at the local level so when the attacks on our communities occur and false promises of Donald Trump are made obvious people know where they can turn. We can turn widespread discontent into a mass movement with the power to transform the nation.

7 Million Graduates Not Paying Student Loans

August 10, 2016 Marlee Kokotovic, www.nationofchange.org Resist! Student Debt, Student Loans

By Marlee Kokotovic for Nation of Change - In 2016, former students are being burdened by student loan debt stronger than ever before. It is time to make a change. Former students are taking a stand and are refusing to pay off their student debt saying they feel scammed by their universities and government. After attending college, many are feeling as ill-equipped in life, and entering the world, as if they had not gone to college at all.

Call On Congress To End $4 Billion Annual Oil Industry Subsidies

July 19, 2016 Sharon Kelly, www.desmogblog.com Resist! Oil & Gas, Student Debt, Subsidies, Taxes

By Sharon Kelly for Desmog - In an open letter sent to Congress today, a coalition of 40 national taxpayer, labor, environmental and other groups called on the federal government to repeal almost $4 billion in annual tax breaks for the oil and gas industry, calling them wasteful and lambasting Congress for subsidizing activities that will make climate change worse. The groups called on Senators to support the FAIR Energy Policy Act, which would slowly phase out nine special tax breaks for the fossil fuel industry.

To Cut Costs, College Students Are Going Hungry

July 16, 2016 Sara Goldrick-Rab and Katharine Broton, www.theconversation.com Resist! Higher Education, Student Debt

By Sara Goldrick-Rab and Katharine Broton for The Conversation - Studies have long shown that a college student’s odds of achieving financial security and a better quality of life improve when he or she earns a degree. But what are some of the obstacles that prevent degree attainment? At the Wisconsin HOPE Lab, we study the challenges that students from low- and moderate-income households face in attaining a college degree.

Wall Street Profits From Public Education While Students Drown In Debt

July 11, 2016 Mnar Muhawesh, www.mintpressnews.com Educate! Student Debt, Wall Street

By Mnar Muhawesh for Mint Press News - MINNEAPOLIS — An education crisis largely orchestrated by neoconservatives in both the Republican and Democratic Parties, has left some of the country’s oldest and most prestigious public universities struggling under deep cuts and severe budget shortfalls. Although these cuts are driven mostly by conservative think tanks, the changing face of education isn’t just about austerity.

Duopoly Parties Fall Short On Universal, Democratic Education

July 10, 2016 Jeff Bfryant, www.educationopportunitynetwork.org Educate! 2016 Elections, Education, Higher Education, Student Debt

By Jeff Bryant for Education Opportunity Network. Although education policy has not been a prominent issue in the current presidential race, the Democratic Party’s platform gives the subject some of its just due with a fairly extensive treatment. In the current draft, which will be finalized on June 8 and 9, there are numerous mentions of education and a special section with over 1,000 words devoted to the topic. Many are saying this platform “may be most progressive platform the Democratic Party may have ever had.” But is it progressive on education? Let’s weigh the evidence. First let’s examine how the Democratic Party platform differs from what’s proposed in the Republican Party’s platform.

Who Got Rich Off The Student Debt Crisis

June 29, 2016 James B. Steele and Lance Williams, www.revealnews.org Educate! Student Debt, Student Loans

By James B. Steele and Lance Williams for Reveal News - Jessie Suren is an energetic 28-year-old who wanted a career in law enforcement. Albert Lord is a 70-year-old former accountant who became a multimillionaire executive. The two have never met, but their stories tell the history of America’s student debt crisis. Suren attended a free boarding school for underprivileged youth in Hershey, Pennsylvania, and enrolled in La Salle University in Philadelphia. Scholarships didn’t cover the cost of the private college, so she borrowed about $71,000, much of it from Sallie Mae, the financial giant of the student loan industry.

Public Bank Of North Dakota To Refinance Student Debt To 2%

June 15, 2016 Jessica Holdman, www.grandforksherald.com Create! North Dakota, Public Banks, Student Debt

By Jessica Holdman for Grand Forks Herald - BISMARCK, N.D. -- When first-time homebuyers get ready to purchase a house in North Dakota, Realtors may start handing them information on refinancing student loans as well. The Bank of North Dakota is partnering with Realtors to get the word out about its DEAL One loan program. Eric Hardmeyer, president of BND, said national reports have shown students graduating with an average of $27,000 to $30,000 in student loans.

A Commencement Address For Most Indebted Class Ever

May 19, 2016 Chuck Collins, www.otherwords.org Educate! Higher Education, Student Debt

By Chuck Collins for Other Worlds - Congratulations, college graduates! As you enter the next phase of life, you and your parents should be proud of your achievements. But, I’m sorry to say, they’ve come at a price: The system is trying to squeeze you harder than any previous generation. Many baby boomers, perhaps including your parents, benefited from a time when higher education was seen as a shared social responsibility. Between 1945 and 1975, tens of millions of them graduated from college with little or no debt.

Newsletter: Living In A Post-2011 World

May 7, 2016 Kevin Zeese and Margaret Flowers, www.popularresistance.org Newsletter Bernie Sanders, Black Lives Matter (BLM), Climate Change, Climate Justice, Democracy, Donald Trump, Fight for 15, Hillary Clinton, Pipelines, Student Debt, TPP, Trade

By Kevin Zeese and Margaret Flowers. The 2016 election has deepened the understanding of how out of step the establishment political parties are with the people of the United States. The parties have reinforced the rationale for the Occupy uprising, and the uprisings on racism, inequality, poverty wages, mistreatment of students and more that have occurred since 2011; and they have increased national consensus on the dysfunction and corruption of government, the unfairness and inequity of the economy and the lack of concern for the environment and climate change.Don't Represent US In order to understand the election's relationship to the movement for economic, racial and environmental justice, we need to understand that the roots of this election come from the uprising of 2011. As Paolo Gerbaudo wrote in ROAR Magazine: "The 2011 protest wave will forever be associated with the slogan 'they don’t represent us' — a clear indictment of the present form of representative politics and the existing political class."

#MillionStudentMarch: Time To Build Political Revolution!

April 7, 2016 Staff, www.studentmarch.org Organize! Divestment, Higher Education, Minimum Wage, Student Activism, Student Debt, Tuition

By Staff of Million Student March - On November 12, the first #MillionStudentMarch took place on 115 campuses across the country. On April 13th, we’re doing it again, this time joining forces with Black Liberation Collective, the group behind the Mizzou Movement, to say “no” to racism and student debt! Students nationwide will be coming together to challenge the racism of Donald Trump and the corporate establishment.

The New Generation Gap: Intergenerational Unfairness

March 20, 2016 Joseph Stiglitz, www.project-syndicate.org Educate! Debt, Economic Unfairness, Inequality, Student Activism, Student Debt, Youth

By Joseph Stiglitz for Project Syndicate. Today, the expectations of young people, wherever they are in the income distribution, are the opposite. They face job insecurity throughout their lives. On average, many college graduates will search for months before they find a job – often only after having taken one or two unpaid internships. And they count themselves lucky, because they know that their poorer counterparts, some of whom did better in school, cannot afford to spend a year or two without income, and do not have the connections to get an internship in the first place. Today’s young university graduates are burdened with debt – the poorer they are, the more they owe. So they do not ask what job they would like; they simply ask what job will enable them to pay their college loans, which often will burden them for 20 years or more.

For-Profit College Scam These Students Are Still Paying For

March 10, 2016 Sarah Jaffe, www.billmoyers.com Resist! Activism, Higher Education, Student Debt

By Sarah Jaffe for Moyers Company - She had been working since she was 16, but thought that an accounting degree would help her get a better job, one that paid more and maybe even offered her some additional flexibility. A friend of hers was taking classes at Florida Metropolitan University, a subsidiary of the massive Corinthian Colleges chain, and in 2005, Stevens signed up, taking out government-backed student loans to cover the costs of her program. I did what I was supposed to do, I went to school, I expected the Department of Education to protect me and let me know if the school was going to defraud me.”

Newsletter: After The Crash…

January 9, 2016 Kevin Zeese and Margaret Flowers, www.PopularResistance.org Newsletter #BlackLivesMatter, Banks, Black Lives Matter (BLM), Capitalism, carbon free nuclear free, Climate Change, Community Banks, Credit Unions, Debt, Debt-Free Money, Democracy, Economic Democracy, Education, Eric Holder, Federal Reserve, Finance and the Economy, Foreclosures, Guaranteed basic income, Income, Income inequality, Infrastructure, Living Wage, Medicare, Medicare for all, Minimum Wage, Occupy Movement, Plutocracy, Poverty, Public Banking, Student Debt, TPP, Tuition, Unemployment

By Kevin Zeese and Margaret Flowers for Popular Resistance. The economic agenda described here would create a radical transformation of the economy from a top-down system designed for the wealthiest, to a botton-up system that creates a foundation for an economy that benefits all. Putting in place this economy would move us from a plutocratic economy to a democratized economy where people have economic control over their lives. It is a radical shift – how can it happen? There is only one path – the people must be educated, organized and mobilized to demand it. We need to change the political culture to one where the necessities of the people and protection of the planet are the priorities of the economy. If predictions are correct, the next economic collapse will deeper and more damaging than the 2008 collapse. It will be a tremendous opportunity to demand radical economic change. It is one the movement for economic, racial and environmental justice should be preparing for now.

Strike Debt Victory: Debt Relief For Corinthian Students

December 5, 2015 Staff, www.insidehighered.com Resist! Higher Education, Student Debt

By Staff of Inside Higher Ed - The U.S. Department of Education announced Thursday that it has granted the requests for debt forgiveness made by more than 1,300 federal student loan borrowers who attended Heald College, a subsidiary of the now-defunct for-profit Corinthian Colleges chain. The debt relief, which totals $27.8 million, is the first time the Education Department has canceled a significant number of loans under a seldom-used provision of federal law that allows borrowers to seek loan forgiveness based on their college’s misconduct. Amid the collapse of Corinthian Colleges earlier this year, the Education Department received thousands of claims for debt forgiveness. The department said Thursday that it has not yet reached any decisions about 5,379 outstanding claims.

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