Fast Forward to 11:31 to hear SDC Co-Founder, Natalia Abrams get Dr. Paul Krugman to acknowledge that a student debt crisis exists and that it’s causing a significant drag on our economy! In addition, Dr. Krugman endorsed the idea of student debt restructuring and relief.
What’s your Student Debt Story?
Student Debt Story:
I have loans, about $25,000 for MCP & PhD degrees from the University of Pennsylvania. After I graduated I got a job at Florida State University as a contract employee. Then I was diagnosed with leukemia. I needed chemo therapy and a bone marrow transplant. When I returned to work my department chair & dean told me that my contract would not be renewed because I did not do my job. I reminded them I had been in the hospital receiving cancer treatment. They said yes, but you didn\\\'t do the job. When I was ill I wasn\\\'t eligible or a medical leave of absence or I would have lost my health insurance. In the end I was not renewed because of my cancer. I am now unemployed and unable to pay back my student loans.
Melissa Saunders
Glad to see Mr. Krugman finally acknowledge the depth of the dilemma and he obviously has ListenedToTheMillions. Now I hope Mr. Krugman will help us get Congress to listen, before the crisis gets even worse.
regarding student loan debt, what a “crock.” we don’t need “debt relief” or “restructuring”; we need the right to discharge debt. homeowners have the legal right to walk away from their homes. some homeowners, who want to stay in their homes (debt) are demanding a restructuring of their home loan debt–but still have the right to walk away/get the debt discharged. krugman is beating around the bush–or is completely ignorant of the student loan problem. or perhaps krugman is secretly one of those sickos who believes students have an obligation to pay, and shouldn’t be allowed to discharge their debt.
the right to discharge/walk away from student loans is needed more than any “debt structuring” of student loans.