Archive for the Activism Category

VIDEO: U.S. Students Drowning In College Debt

Posted in Activism, Economy, Higher Education, Media Appearances, Sallie Mae, Student Debt, Student Loan Default, Student Loans with tags , , , , , , , , , on October 16, 2010 by debtprisoner

Bankruptcy Protection Bill for Private Student Loans Advances in Congress

Posted in Activism, Economy, Higher Education, Sallie Mae, Student Debt, Student Loan Default, Student Loans with tags , , , , , on October 16, 2010 by debtprisoner

The Private Student Loan Bankruptcy Fairness Act (H.R. 5043), originally introduced in the House on April 15 by Reps. Steve Cohen of Tennessee and Danny Davis of Illinois, was passed by a House subcommittee on Sept. 15. The proposed legislation would reverse a provision of a lender-friendly bankruptcy reform bill that, in 2005, created special protections for lenders of private student loans, making private student loans almost impossible to discharge in bankruptcy, unlike most every other form of private consumer debt.

LINK TO FULL STORY

Student Loan Debt Clock — $848 billion and counting

Posted in Activism, Economy, Higher Education, Student Debt, Student Loan Default, Student Loans with tags , , , , on September 5, 2010 by debtprisoner

A new tool lets you watch the country’s collected student debt pile up in real time.

Sponsored by FinAid.org, the Student Loan Debt Clock tallies an estimate of total private and federal outstanding student debt. According to FinAid, now is peak time for debt growth, as more student loans are doled out at the semester’s start.

Link (to Huffington Post)

Student Loan Scam on The Michael Savage Show

Posted in Activism, Economy, Higher Education, Media Appearances, Sallie Mae, Student Debt, Student Loan Default, Student Loans, Videos with tags , , , , , , , , , , , on March 17, 2009 by debtprisoner

Student Loan Scam: The Most Oppressive Debt in U.S. History
—and How We Can Fight Back
.. – Author: Alan Michael Collinge. JANUARY 29, 2009. MICHAEL SAVAGE Show.

Alan Collinge never imagined he would become a student loan justice activist. He planned to land a solid job after college, repay his student loan debt, and then simply forget the loans ever existed. Like millions of Americans, however, in spite of working hard, Collinge fell behind on payments and entered a labyrinthine student loan nightmare.

Default: The Student Loan Documentary (movie trailer)

Posted in Activism, Economy, Higher Education, Media Appearances, Sallie Mae, Student Debt, Student Loan Default, Videos with tags , , , , , , , on March 17, 2009 by debtprisoner

Default: The Student Loan Documentary is a feature-length documentary chronicling the stories of borrowers from different backgrounds affected by the private student lending industry and their struggles to change the system.

In 2005 private student loans were exempted of ALL consumer protections. No matter when their loans were taken, many borrowers now find themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy protection, no cap on fees and penalties and no recourse to the law. The consequences are dire, with stories of borrowers in financial and emotional ruin.

LINK: www.DefaultMovie.com

Student Loan Stimulus — Robert Applebaum Interview

Posted in Activism, Media Appearances, Student Debt, Student Loans, Videos with tags , , , on March 16, 2009 by debtprisoner

Stimulate the economy – “Forgive Student Loans” Facebook group creator Robert Applebaum tells TSC’s Debra Borchardt why he created the group.

CLICK HERE TO WATCH THE VIDEO

Sign The Petition For President Obama: Stimulate The Economy By Forgiving Student Loans

Posted in Activism, Higher Education, Student Debt, Student Loans with tags , , , , , on March 16, 2009 by debtprisoner

Over the past twenty years, student loan debt in the United States has more than doubled. We are now graduating students with a marvelous skill set as well as a mountain of debt. If we were to take our tax dollars and invest them in paying off student loan debt in this country, we would be investing in our future and in ourselves. Many individuals and families pay more than a third of their monthly income to student loan debt. If we free up this earned income by paying off debt, our educated masses in this country could create new businesses, invest in homes, and become a foundation for the new economy. This will have a much deeper positive impact on all Americans than handing bailouts to corporations who have no impetus to invest in this country.

Sign The Petition For President Obama