Why do I feel like I just sold my soul to the devil. Reading that was like a punch in the gut.
Night of the Living Debt protests, June 22 NYC. Solidarité avec Quebec. Student debt is class war. Education is a right.
It’s going to be a Thriller night.
Washington Square Park.
The ticking clock that is haunting my waking hours:
From the House Democrats Blog:
Unless Congress acts soon, millions of students will see their student loan rates double from 3.4% to 6.8%. Under the increased rates student borrowers will pay $6.3 billion in additional repayment costs for the 2012 to 2013 academic year.
It doesn’t have to be that way.
In 2007 Congressional Democrats passed a law to lower interest rates on subsidized Stafford Student Loans. Thanks to that law, over 15 million Americans have benefited from lower rates. Now, Republican inaction in Congress is threatening to bring back the higher rates.
Democratic Members of Congress and students from around the country are calling on Republican leaders to quickly bring up legislation so that student loan rates don’t double.
To learn more about student loan opportunities and legislation to help students please visit the Committee on Education & the Workforce Democrats page.
Representative Hansen Clarke of Michigan has just introduced H.R. 4170, The Student Loan Forgiveness Act of 2012, in the House of Representatives - legislation designed to lend a helping hand to those struggling under massive amounts of student loan debt.
Since 1980, average tuition for a 4-year college education has increased an astounding 827%.
Since 1999, average student loan debt has increased by a shameful 511%.
In 2010, total outstanding student loan debt exceeded total outstanding credit card debt in America for the first time ever.
In 2012, total outstanding student loan debt is expected to exceed $1 Trillion.