It's Time for a Debt Jubilee
There has been a lot of discussion about student loan forgiveness in the past few months. With millions of people drowning in student loan debt, many of them embrace the idea. However, those who espouse this language actually serve to hurt the measure and the people who are hurting the most: student loan borrowers.
While a portion of the public is sympathetic to this issue, many react negatively to the call for loan forgiveness and begin to complain. They say things like, "It was their damn decision to take out those loans? Now they don't want to pay them back?" Or, "No one put a gun to their heads to take out that huge loan! Pay up!" Or, "So people who have loans are upset now?!? They got to go off to school and party and enjoy college life! And now they want a bailout too?!?" The comment sections to articles calling for or discussing student loan forgiveness are filled with such comments. In a word, it's not good PR for the millions of borrowers who desperately need relief.
Given the continued momentum of Occupy Wall Street, and the fact that outstanding student loan
While a portion of the public is sympathetic to this issue, many react negatively to the call for loan forgiveness and begin to complain. They say things like, "It was their damn decision to take out those loans? Now they don't want to pay them back?" Or, "No one put a gun to their heads to take out that huge loan! Pay up!" Or, "So people who have loans are upset now?!? They got to go off to school and party and enjoy college life! And now they want a bailout too?!?" The comment sections to articles calling for or discussing student loan forgiveness are filled with such comments. In a word, it's not good PR for the millions of borrowers who desperately need relief.
Given the continued momentum of Occupy Wall Street, and the fact that outstanding student loan
Letter to Santa from a Warrior of the Indentured Educated Class
Here's my latest piece at Hypervocal.com. It's my letter to Santa Claus.
All I want for Christmas is a Congressman (or Congresswoman)
All I want for Christmas is a Congressman (or Congresswoman)
