The student debt crisis is cripling lives and killing dreams.
Back when a High School diploma guaranteed a decent job, we created the free public education system. We believed that education was a right, not a privilege. A High School diploma isn't what it used to be. A college degree is now a requirement.
But, instead of making a college education free for all those who want it, we've fallen victim to the contradictory rhetoric that "education isn't free" and access to education is about "personal responsibility". To believe that, you must also believe that poverty is the responsibility of poor children. That their futures must limited based on their parents means.
The government voted to *double* the interest rate on all federal student loans effective July 1st. Meanwhile they are loaning out *trillions* of dollars at * 0% interest* to Wall Street banks. The same banks that *stole and then lost* trillions of dollars in fraud and abuse. The same banks who then used those 0% interest loans to give themselves hundreds of billions of dollars in bonuses and compensation.
A student loan should be about education. Not restricting access to the disadvantaged. Not for pushing people into poverty. And not for profits that benefit the very rich at the expense of the rest of us.
So yes, education isn't free. But a massive payout from economic fraud is. Partially because students are going to pick up the bill.
We think this is wrong.
- Stop interest rates for doubling July 1st.
- End student debt.
- Bring a pot.
- Make noise.
Student Debt Noise Brigade – Event Time and Place
Wednesday. 6/13. 7:00PM. SCCC. Invite your friends.
Print the poster!