OWS WANT YOU TO PAY THEIR STUDENT LOANS
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OWS WANT YOU TO PAY THEIR STUDENT LOANS
Occupy Wall Street Takes Aim at Student Debt
* According to Washington Square News[/url], protesters in Zuccotti Park are trying to gather one million signatures from students vowing to ignore their loan payments. The campaign is consistent with the "Occupy" movement's larger belief that college education is a fundamental right of citizens.
* The campaign is being run by the Education and Empowerment Committee of Occupy Wall Street.
* The price of studying and living on campus at an average public university rose 5.4 percent for in-state students, or about $1,100, to $21,447 this fall, according to money.cnn.com/2011/10/26/pf/college/college_tuition_cost/index.htm]CNNMoney Meanwhile, community college, which is usually a low cost alternative for lower income students, tuition posted an 8.7 percent gain.
* The New York Federal Reserve Bank puts the total student debt at $550 billion, according to the Economist
* Sallie Mae, the college loan giant speculates there is $757 billion of outstanding student loans.
* Lending this year alone is projected to be in excess of $112 billion, which will send the total student loan debt owed by American students to over $1 trillion.
* Depending on the estimate, America's students now owe more in college loan debt than Americans owe in credit card debt, reports the * According the Huffington Post the average debt students owed in 2010 was $25,250, which represented a 5 percent increase from the previous year.
* Out of the nation's 50 states New Hampshire had the highest average debt load at $31,048, while Utah had the lowest at $15,509.
* The Obama Administration has tried to deal with the student loan crisis by capping monthly student loan payments to 10 percent of discretionary income. The White House estimates this could assist 1.6 million students
Student loans can cause a person's stress level to rise.
* According to Washington Square News[/url], protesters in Zuccotti Park are trying to gather one million signatures from students vowing to ignore their loan payments. The campaign is consistent with the "Occupy" movement's larger belief that college education is a fundamental right of citizens.
* The campaign is being run by the Education and Empowerment Committee of Occupy Wall Street.
* The price of studying and living on campus at an average public university rose 5.4 percent for in-state students, or about $1,100, to $21,447 this fall, according to money.cnn.com/2011/10/26/pf/college/college_tuition_cost/index.htm]CNNMoney Meanwhile, community college, which is usually a low cost alternative for lower income students, tuition posted an 8.7 percent gain.
* The New York Federal Reserve Bank puts the total student debt at $550 billion, according to the Economist
* Sallie Mae, the college loan giant speculates there is $757 billion of outstanding student loans.
* Lending this year alone is projected to be in excess of $112 billion, which will send the total student loan debt owed by American students to over $1 trillion.
* Depending on the estimate, America's students now owe more in college loan debt than Americans owe in credit card debt, reports the * According the Huffington Post the average debt students owed in 2010 was $25,250, which represented a 5 percent increase from the previous year.
* Out of the nation's 50 states New Hampshire had the highest average debt load at $31,048, while Utah had the lowest at $15,509.
* The Obama Administration has tried to deal with the student loan crisis by capping monthly student loan payments to 10 percent of discretionary income. The White House estimates this could assist 1.6 million students
Madame Lash- Posts : 59
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Join date : 2011-11-25
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