AFL-CIO and Student Debt Crisis to Hold Second Annual Student Debt Hotline

Media Advisory for April 25, 2016                                                      Contact: Natalia Abrams,  (310)-365-1069 AFL-CIO and Student Debt Crisis to Hold Second Annual Student Debt Hotline On Monday, April 25th, Student Debt Crisis will host a Twitter Town Hall to mark the fourth anniversary since student loan debt hit $1 trillion in 2012. The average college graduate has $35,000 in student loan debt, and as that cost continuous to increase, the AFL-CIO is standing with Student Debt Crisis and other allied organizations to ensure borrowers are informed about their debt-relief options. Following the town hall, the AFL-CIO and Student Debt Crisis will host the second annual student debt hotline from May 24th – 26th to offer debt relief solutions to borrowers. WHAT: Student Debt Crisis Twitter Town Hall WHEN: April 25th at 11:30am EST WHO: Student Debt Crisis – @DebtCrisisOrg AFL-CIO – @AFLCIO Higher Ed, Not Debt – @HigherEdNotDebt Generation Progress – @GenProgress One Wisconsin Now – @StudentLoanVote NerdWallet – @NerdWallet Student Loan Attorney’s Jay Fleischman – @JayFleischman Joshua Cohen – @StudentLoanLaw   *To join the Twitter chat, ask questions using #StudentDebtHotline from 11:30am-12:30pm EST on April...

Join Our Student Loan Debt 101 Webinar – “Repayment Plans for Beginners”

Next Friday, April 29th at 12:30pm ET, Student Debt Crisis, Higher Ed, Not Debt and Generation Progress will be hosting a nationwide webinar – “Student Loan Debt 101 – Repayment Plans for Beginners”. This will be an opportunity for student loan borrowers, like you, to learn about the topics that matter most: What should borrowers do if they are having trouble making payments? Which federal student loan repayment plan is best? What options are available for federal student loan borrowers who are in default? What is Public Service Loan Forgiveness?      Our experts will answer all of these questions and more, plus there will be ample Q&A time for your individual questions. You are our top priority and you should never pay for student loan...

Borrower Outreach Program

                      * Required PARENT PLUS LOANS/MORE INFORMATION FOR PARENTS INCOME-DRIVEN REPAYMENT PLANS DELINQUENCY/DEFAULT PUBLIC SERVICE LOAN FORGIVENESS PRIVATE STUDENT LOANS Email* Join our newsletter to find out when free student loan webinars...
Bernie Sanders has it right: In a free society, education should be free

Bernie Sanders has it right: In a free society, education should be free

Americans would be well-advised to heed presidential candidate Sen. Bernie Sanders’ call to make public college education free. A college degree is so important to getting a decent job these days, we must begin to see higher education as a right. Some Americans pursue a college diploma; others don’t. But making sure the option is available to everyone, even those whose parents are hard-pressed to pay for it, is necessary to preserving a free society. “It is totally unacceptable that Americans are drowning in $1.2 trillion in student loan debt,” Sanders, I-Vt., said. “It is unacceptable that millions of college graduates cannot afford to buy their first home or their first car because of the outrageously high interest rates they are paying on student debt.” Sanders’ plan uses federal funds to eliminate state tuitions while drastically reducing interest rates on student loans for private colleges and universities. It will cost the federal government an estimated $70 billion per year. That sounds expensive. But, in fact, the country can easily raise the funds by taxing Wall Street stocks and derivative transactions. The proposal, called a “Robin Hood” tax, has been supported by several leading economists. The most vociferous opposition to the plan comes from right-wing politicians, who have already caused … Continue Reading at Las Vegas...

More Than 240,000 People Want To Cancel All Student Debt, SDC Attends Petition Delivery

“We need to get back not only to low tuition, but to no tuition,” said Roger Hickey, sporting an “I am a student debt voter” T-shirt outside Senator Elizabeth Warren’s office last Thursday. Hickey works for Campaign for America’s Future, and on April 30, he helped deliver a petition with over 240,000 signatures to Warren’s office. The petition, which gathered its signatures all in one month, demanded that the US government cancel all student debt, public and private. There are currently 40 million student loan borrowers with $1.3 trillion in debt, which “pales in comparison to what we spent on the Iraq war,” said John Hlinko, founder of Left Action. “So what about a similar war on debt?” While there has been a huge increase in military spending, Pell grants, or money given to low-income students that does not need to be repaid, have been cut from the current budget. Many are starting to feel like the right to accessible education is under attack. The petition given to Warren was sponsored by a coalition of organizations including Campaign for America’s Future, Democracy for America, Working Families, Daily Kos, andThe Nation, among others. Senator Warren has spoken out frequently about reforming student loans, and she recently tried to introduce a budget amendment that would have decreased the interest rate on loans to 3.9 percent, but Senate Republicans blocked it. She also recently joined a liberal push to make college at least debt-free. Natalia Abrams, the executive director of StudentDebtCrisis.org, graduated shortly before the UC system increased tuition by 32 percent in one semester in 2009. Many of her friends had...

Student Debt Crisis 2014 Recap!

This has been an amazing year for student loan debt reform, and we want to remind our members that we couldn’t have tackled this issue without your support. Here are some of our successes from 2014!   [View the story “Student Debt Crisis 2014 Recap!” on...