Tag: student debt
With private lenders out of the business, government is now in charge of issuing newer debt – but rather than alleviating the problem faced by young Americans, some programs on offer seem as predatory as what came before them.
On November 12th thousands of students from hundreds of colleges marched in support of eliminating student debt, tuition-free public college, and a $15 an hour minimum wage.
The U.S. and its citizens are inundated with massive debt as a nation, government, and society. It seems like an impossibility to get this issue under control, especially when a majority of funding goes directly to endless wars.
If enough student debtors in enough RFRA states joined in a class action lawsuit against the financial institutions and got enough public awareness drawn to their cause, one of two things would happen: either the RFRA laws are upheld and the student loans are forgiven, or the RFRA laws are rendered unconstitutional and student debtors are still bound to their debt agreements.
There are two options for our future generations: get an education and agree to inescapable debt, or don’t get an education and the possibility of employment goes out the window. Student debt has become a trap.
Protest against student loans is a good way to earn the first dividend in the proposed America Permanent Fund. Here are four reasons students should take up the fight against financial firms holding high-interest student loans.