Media
The group Occupy Student Debt, another offspring of the protests, has started a website where students and graduates are posting pictures of themselves with a piece of paper detailing the amount they took out in loans and the amount they still owe. Many students describe taking out tens of thousands of dollars for school, and owing even more because of high interest rates.
“Many people at the protests which I’m going to are out there because of the student debt crisis,” said Kyle McCarthy (of DEFAULT: The Student Loan Documentary), who started the website OccupyStudentDebt.com.
Occupy Student Debt just released a video suggesting that one in five new graduates will default. One in five. We have no bankruptcy protection, usually meaning that our credit is ruined for life. And credit is tied to everything in this country. In some states, you can actually lose your driver’s—or professional—license for student loan default. We’re talking about a large segment of our generation losing our future.
-Kristin Rawls, AlterNet
WE started a MOVEMENT! Also check us out in:
-Killing the Buddah
-Online College-RT America
-Salon.com
-Washington Post
Want to contact us?
Usury@OccupyStudentDebt.org