Student Debt Crisis takes the White House Student Debt Challenge

Student Debt Crisis plans to conduct a series of webinars to reach more than 800,000 people within their membership network.   From WhiteHouse.gov Taking Action to Help More Americans Manage Student Debt Higher education is one of the most important investment individuals can make for themselves and for our country. Today, 11 of the 15 fastest-growing occupations require a postsecondary education. Many students access student loans to help finance their education; typically, that investment pays off, with bachelor’s degree recipients earning $1 million more in their lifetime and associate’s degree recipients earning $360,000 more, compared to their high school counterparts. But for some, burdensome student loan debt can present a challenge as they seek to start a career, raise a family, purchase a home, start a business, or save for retirement. “I’m only here because this country gave me a chance through education.  We are here today because we believe that in America, no hardworking young person should be priced out of a higher education.  This country has always made a commitment to put a good education within the reach of young people willing to work for it.” – President Barack Obama, Remarks on College Affordability, June 9, 2014 Read the entire Press Release here Over 40 new student debt challenge takers. Earlier this month, the White House issued a call to action for colleges, universities, non-profits, businesses, state and local governments, and other employers to help more borrowers better understand their options, and to take action to enroll those borrowers in PAYE and related plans so they can manage their monthly payments and avoid delinquency and default. Today,...

What is #1TDay? America’s Student Debt Crisis

Federal student loan repayment options are always free and you should NEVER pay for help.  Today, “1-TDay” marks the fourth anniversary since student loan debt hit one trillion dollars. Since then, we have added nearly four-hundred billion dollars to the overall total and there’s no end in sight. If student debt is stressing you out – you are not alone. Veterans, students, parents and even retirees are feeling the pressure of their student loans and nearly half are struggling to make monthly payments. This is why Student Debt Crisis is co-hosting two events this week aimed at helping borrowers better understand federal student loan repayment options. While we fight for better reforms and combat the fraud and abuse from student loan servicers, we want to make sure you have all of the tools necessary to repay your student loan debt.  Friday (4/29) 12:30 pm ET: “Student Loan Debt 101 – Repayment Plans for Beginners” hosted by Student Debt Crisis, Higher Ed, Not Debt and Generation Progress It is important for us to understand what life is like for student loan borrowers. Sure, some of us have it easy and our monthly payments are minimal, however, 8 million people are in default which means their lives have been turned upside down due to their student loans.                ...

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...
The Department of Education Just Did Something Major for Americans with Disabilities

The Department of Education Just Did Something Major for Americans with Disabilities

By: AFL-CIO, Social Security Works & Student Debt Crisis The Department of Education Just Did Something Major for Americans with Disabilities Starting today, more than 387,000 people are about to find out that they qualify for complete forgiveness of their existing federal student loan debt. “Americans with disabilities have a right to student loan relief. And we need to make it easier, not harder, for them to receive the benefits they are due.” ~ U.S. Education Under Secretary Ted Mitchell Since 2012, people certified by the Social Security Administration as “Totally and Permanently Disabled” can use that finding to qualify for discharge of their federal student loans. Even though these 387,000 people qualified for discharge of their student loans, they continue to struggle with their federal student loans—often because they just don’t know they are could have their debt discharged. “We are encouraged to see the Department of Education take action to notify student loan borrowers who qualify for Total and Permanent Disability. Today’s actions have the ability to discharge over 7 billion dollars of student loan debt and improve the lives of more than 387,000 people. Student Debt Crisis is both encouraged by these steps and empowered to demand more comprehensive reform. It is our hope that the education department will continue to work with agencies such as the Social Security Administration and the Internal Revenue Service to notify student loan borrowers about all available government loan programs which will prevent further defaults.” ~ Natalia Abrams, Executive Director, Student Debt Crisis As part of the implementation of President Obama’s Student Aid Bill of Rights, the Department compared Social...
Some States Aren’t Waiting for Federal Action to Help Residents With Student Loan Debt

Some States Aren’t Waiting for Federal Action to Help Residents With Student Loan Debt

Student loan debt’s impact goes far beyond individual finances. It also affects both the national and local economies as graduates put off purchasing a home or saving for retirement.  And with more than 40 million people owing on average $30,000 in student loan debt, politicians are increasingly realizing something has to be done. One answer, at least in the eyes of New York State and Illinois, is to forgive, repay or refinance a portion of a graduate’s debt to make it easier for them to get out from under what can often be crippling student loans.  “It’s an encouraging step,” says Marc Cohen, chief of staff at Student Assembly of The State University of New York, of New York State’s “Get On Your Feet” program announced late last year. “Student loan debt is more burdensome than credit card and auto debt combined. This helps students to start their lives off on the right foot and not carry cement on their feet.” NEW YORK STARTS ACCEPTING APPLICATIONS FOR “GET ON YOUR FEET” PROGRAM Late last year, New York Governor Andrew Cuomo announced it would start accepting applications for its “Get On Your Feet” loan forgiveness program in which college graduates can get up to 24 months of federal student loan debt relief. Graduates have to live in New York State and already be participating in a federal income-driven repayment plan in which payments are typically capped at 10 percent of their discretionary income. The program is supplementing the federal “Pay As You Earn” loan repayment program by allowing eligible college graduates that reside in New York to pay nothing on their...