Munir Moon: About 6.7 million of all student borrowers are delinquent on their payments by three months or longer. Compounding the problem is that student debt cannot be discharged through bankruptcies.
Robert Reich: Public higher education has been the gateway to the middle class but that gate is shutting – just when income and wealth are more concentrated at the top than they’ve been since the 1920s, and when America needs the brainpower of its young people more than ever.
Mark Naison: What we did not envision, when we created our 99% C lub, was how it would create an incredible online free speech zone and public square not only for club members, but for people with no direct connection to Fordham who found out what we were doing.
Ellen Brown: Eliminating, reducing, or deferring student loan debt will free up the budgets of millions of students, allowing them to spend more on goods and services, increasing demand and creating jobs, and adding to tax revenues.
David Love: There is every indication that the bursting of the student debt bubble, like the housing bubble before it, is imminent. And when it happens, it will send shockwaves throughout the financial markets. People of color will be especially vulnerable.