Occupy Targets Student Debt As National Student Loan Debt Hits $1 Trillion (Huffington post)
Among the couple hundred protesters who gathered in Union Square Wednesday then marched down Broadway, beating drums and holding signs, one wore a black graduation robe with the number 40,000 printed on the back. That's how many dollars protester Sue Meaney, owes the government and private lenders in student loans. Her daughter graduated from a state school in Pennsylvania in August and Meaney helped foot the bill for her education. She doesn't expect her daughter to be able to pay back lenders anytime soon. "She's doing the job she did without a college degree, which is being a waitress," she said. Protesters with the Occupy movement and other groups marched in 20 cities nationwide Wednesday, from Washington to Madison, Wis., to Santa Cruz, Calif., to mark the moment at which the national student debt was expected to surpass $1 trillion. The Federal Reserve Bank of New York put the total at $870 billion, the Associated Press reported Tuesday, but acknowledged that other estimates are higher. According to the bank, 15 percent of Americans owe money for student loans and about two-thirds of the debt is held by people under 30. Read More... More on College Debt
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