Student Debt Movement Is Getting Democratic Candidates to Respond

  The drumbeat grows louder for candidates to issue a plan to tackle the $1.3 trillion behemoth that is student debt, with former Maryland governor Martin O’Malley issuing his debt-free college solution Wednesday. O’Malley’s proposal comes after Vermont Senator Bernie Sanders issued his own plan, ahead of former Secretary of State Hillary Clinton’s plan promised for later this summer. All the candidates on the Democratic side are going to have to take a stand. Getting candidates to acknowledge the student debt crisis and coming out with debt-free college plans is a massive coup for grassroots activists across the country. Prior to the new year, when you did an Internet search for the phrase “debt-free college,” the first results were guides on how to graduate from college without debt, including one titled “How a Pack of Gum Helped Me Graduate College Debt-Free” (seriously). After the stinging defeat of the 2014 […] Read More

They Said Go To College: “It Seems Something Went Wrong on the Road To Riches”

This article was originally published by James Quinn at The Burning Platform. When I graduated from college in 1986 it was easy to get a job. The economy was booming and 82% of college graduates had a job. The other 18% were probably raising kids because their college educated spouse made enough to raise a family. The mantra for my entire life has been – go to college and you’ll get a good paying job. It seems something went wrong on the road to riches. The percentage of college graduates with jobs has been falling for the last 30 years and has been plummeting since 2008. It is now at an all-time low of 74.3%. Shouldn’t these people have obtained jobs since the government tells us the unemployment rate has dramatically dropped from 10% to 5.5% since 2009? Not only is college graduate labor participation at record lows, but […] Read More

Students Revolt Against Debt. Finally.

We Are Change “Much of higher education is a fraud, and much of the reason higher education is such a huge fraud is the structure of the student loan scam. It’s a three step process. First, students take out loans for educations, not knowing the educations are bogus. Next, the students spend years in bogus schools, getting “educated”. Finally, the students leave the schools… only once they’re many thousands of dollars in debt do they know how they’ve been scammed, and they’re in no position to do anything about it. Meanwhile, the schools, and the people running those schools, both for-profit and state, rake in a fortune in student loan money. In a rare, rare, break, the Federal government is shutting down a bogus for-profit school: Corinthian, and all the fake schools that were surreptitiously operated by Corinthian, but by a different name (any legitimate businesses feel the need […] Read More

Student Loans Are Becoming The Most Crippling Debt In America

It’s one of the key facets of the American Dream: if you want to have a great house, beautiful spouse, and that head-turning Mercedes, then you need to get a good education. For many, an education does just that, as it provides them with the training they need to get into the field they are passionate about, to pursue the career that helps them achieve this “ideal” reality. However, there seems to be a much darker side to post-secondary education that is strengthening its grip on the necks of well-intentioned Americans. This dark side is student debt. According to the Federal Reserve, student loan debt is now nearly $1.2 trillion in the United States alone.(1) A 2012 study revealed that the average cost to attend an American post-secondary institution [tuition, room and board] ranges from approximately $14,300 to $37,800 per year.(2) With the cost of education so high, it’s no […] Read More