Thursday, February 12, 2009

While We're At It, Why Not Fix The Student Loan Debacle?

You may remember that I previously posted about the problems with the privatization of student debt.

Now there is a movement afoot to provide loan forgiveness of student debt -- a powerful shot of economic stimulus. If the millions of dollars of student loans were paid off or forgiven by the Federal Government, those recently-educated people, many of them with new jobs and new families, would pour the saved loan payments back into the economy.

But there is a more important issue. After the Government privatized student debt, the loan sharks in bankers' clothing surfaced, and are now literally crushing the lives of persons who were motivated to go (or go back) to college to better themselves.

You can help:

1. If you are on Facebook, you can join the FB group "Cancel Student Loan Debt to Stimulate the Economy":

2. You can also sign the on-line petition on the issue:

3. Write or call the White House, your Representative, and your Senators.

The Huffington Post has already noted the momentum behind this idea:

Let's make it a reality!

1 comment:

SLJubilee said...

Excellent Idea