Tag Archives | student debt

America Comes Out With Student Debt

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Picture by flickr user Jagz Mario (CC)

Student debt activist Kyle McCarthy details some of the latest news  and personal stories in the ongoing battle against usurious corporations like Sallie Mae.

via Kyle McCarthy at Armchair Advocates:

For many today, higher education is being pushed further out of reach due to skyrocketing tuition and overwhelming student debt. In fact, from 1978 to 2011, tuition increased more than 900%, 650 points above US inflation.

And as tuition has climbed, so has student debt. Over the past eight years, total educational debt has nearly tripled in size and the average monthly student loan payment is $500. Today, nearly 40 million Americans hold more than $1 Trillion in student loan debt, which is having drastic effects on individual student-borrowers, families, and the American economy. With the increase in borrowing, people have delayed major purchases such as houses and cars. In 2011, first-time home purchases decreased for the first time since 2006, and One Wisconsin Now estimates that the student debt crisis translates into over $6 billion in lost automotive sales each year.

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Street Politics And The Quebec Student Movement

A short dissection of the great success recently achieved by the student protest movement in Quebec:
For over 4 months, students and their allies, took over the streets of Montreal every day, to protest a tuition hike imposed by the liberal party in Quebec. On September 21st, the newly elected Premier of Quebec scrapped the tuition hike and repealed a controversial law that effectively banned public demonstrations. While this is being touted as a victory by many in the student movement, one element that made this success possible is already being overshadowed. How the the movement's militant street politics transformed the student strike from a single issue campaign to an uncompromising social insurrection.
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