Paul Haeder: It’s almost impossible for me to go anywhere, participate in anything, whether going out to eat, hitting a movie, driving, or taking this innocuous tour without seeing the faults of capitalism, i.e. the predatory, inefficient, shallow, extremely violent psychologically and structurally, this for-profit-at-all-costs world is.
Ellen Brown: A number of proposed federal changes will make it harder, not easier, for students to escape their debts, including wiping out some existing income-based repayment plans, harsher terms for graduate student loans, ending a program to cancel the debt of students defrauded by ripoff diploma mills, and strengthening “loan rehabilitation.”
Richard Eskow: It takes more than $15 per hour to earn a living wage in most states. When you throw in the rising cost of student debt, low-income Americans are even further underwater.
Maria Bustillos: Earlier that day a teacher had told a lecture hall full of 22-year-olds that when she’d been young, a degree would more or less ensure you a job. “And now that’s not true, it’s no guarantee of a good job.
Marian Wang: The professor-turned-lawmaker talks about why people should care and what Congress should be doing to help ease the burden on borrowers.
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.
Marian Wang: Some banks and lenders played fast and loose with student loans, aggressively marketing them to borrowers who couldn’t afford that amount of debt
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.
David Love: Capital punishment operates under a pretense of justice, when in reality it represents pure vengeance and mob retribution, favoring expediency and finality over finding the real killer.
Lee Fang: Friday afternoon, a group of about seventy-five students mobilized at the OccupyDC camp at McPherson Square to raise the issue of crushing student debt.
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.