More

HuffPost Social Reading

Occupy Detroit Says GOP Candidates Ignoring Student Loan Debt

Occupy Detroit Gop Debate

First Posted: 11/ 9/2011 3:47 pm Updated: 01/ 9/2012 5:12 am

DETROIT -- The Republican presidential candidates are debating at a university in the heart of the economically depressed state of Michigan Wednesday night. They will not receive a warm welcome from Occupy Detroit members.

Protesters rallying against the big banks Wednesday afternoon at Wayne State University in Detroit, 45 minutes south of where debate will be held, said the GOP contenders were wrong to cast issues like student debt as a simple matter of personal responsibility, not corporate greed.

Occupy Detroit's event was designed to target the banks, not the GOP candidates, but its supporters didn't have kind words for either. Most of the major Republican candidates who will be debating tonight are against easing student loan debts, while many Occupy Detroit protesters have called for outright loan forgiveness.

"Personally, I wouldn't waste my time listening to what the candidates have to say," said Samuel Molnar, 22, an undergraduate studying public affairs who had no plans to watch or protest the debate.

"All I've heard from the Republican candidates," he added, "is here's your plan to change Social Security."

While Molnar has been able to avoid racking up student loan debt during his three years in college thanks to a scholarship, some of his fellow students weren't so lucky.

About 20 of them gathered outside a Chase bank in dreary weather to protest against what they saw as the banks' excessive profits on student loans. Chanting "school is not for profit, that's bullshit, get off it," they handed a Chase security guard a flyer and waved to honking cars as they passed by on Woodward Avenue.

Wayne State is a place where people from this downtrodden city and its suburbs can go to get an education and, hopefully, come out with a job. But the students protesting on Wednesday said they felt like they had been sold a bill of goods.

Emily Eisele, a 26-year-old who graduated in August, said she was $62,000 in debt, with about $42,000 of that owed in high-interest private loans. She was just laid off from a job at a non-profit because the organization lost its grant, and she's currently making ends meet by working a job in construction, mixing concrete.

"I'm the first person in my family to get a bachelor's," she said, describing her parents, a bricklayer and a human resources professional, as "blue collar, middle class." Her younger brother had been turned off from college altogether, she noted, in part because of her experience.

"I felt like that's what you do, that's the way forward. I had this spirit of self-sufficiency," she said. Now, with few prospects for steady employment, she said, "I'm this close to defaulting and I feel like my life is ruined."

"I don't think that Republicans would say that poor students shouldn't go to college," she added. Still, she said, "it's treated just as an issue of personal responsibility. Like most financial problems in American culture, if you're poor it's an issue of your willpower: You're failing, you're weak, you just want handouts, is what you're gonna hear."

Arthur Bowman, a 21-year-old from Detroit who said he was the only black undergraduate in the school's physics department, said he was already about $25,000 in debt and expected to ring up another $25,000 time he finished Wayne State.

Asked if he thought the Republican candidates were taking his concerns about student debt seriously, he laughed and said, "Hell no. Not at all."

"If Herman Cain is any example, the Republicans believe that we should all just go get jobs," Bowman said. "And the fact that we have to take out student loan debt in order to pay for our schooling is our fault, because we don't have good enough jobs to pay for ourselves. It's a ridiculous point of opinion that basically believes the market should take care of everything, as always."

The protesters from Occupy Detroit took larger issue with Wall Street than the Republican candidates. The big banks, they said, are profiting off of years of higher education cuts in Michigan that have forced universities to hike tuition and cut student aid.

"The tuition increases are a direct result of the state deliberately taking actions over the last ten to 20 years to reduce revenues," Molnar said. "A direct result of the austerity measures."

He hopes the federal government will embark on a massive public works effort to create green jobs. But in the wake of this summer's deficit debate, he said, he doesn't hold out much hope that President Obama will be much better than the Republicans on that count.

"Obama kind of proved that he's either weak, or he's a liar, with the deficit," Molnar said.

The Republican primary debate will be held at Oakland University in Rochester, a nearly all-white city 45 minutes north of Detroit. A different group of students there plan to protest the Republican candidates directly, and Molnar said those students had been in touch with Occupy Detroit to coordinate efforts.

FOLLOW HUFFPOST DETROIT

DETROIT -- The Republican presidential candidates are debating at a university in the heart of the economically depressed state of Michigan Wednesday night. They will not receive a warm welcome from O...
DETROIT -- The Republican presidential candidates are debating at a university in the heart of the economically depressed state of Michigan Wednesday night. They will not receive a warm welcome from O...
 
 
  • Comments
  • 28
  • Pending Comments
  • 0
  • View FAQ
Comments are closed for this entry
View All
Favorites
Recency  | 
Popularity
05:04 PM on 11/16/2011
You slackers need to blame the high price of tuition, not your agreeing to a loan to pay the tuition.
photo
SteveC 1979
Something witty and awesome.
11:12 AM on 11/11/2011
I would support programs to help graduates pay off their debt (deferrments, caps based on income, interest rate reduction or elimination, etc.) but no way to forgiving the principal. That is unfair to everyone who paid off their own student loans.
07:17 PM on 11/11/2011
Why not give tax breaks to those who paid? Cancel current student debts and increase investment in higher education. We already invest in primary and secondary education since it's a right for people to be education and it's good for society.

That cuts out the banker middleman. Makes it fair for everyone. Increases demand. Stops the problem from coming back.

If the government is worried about tax revenue then it can tax the top 1% more. They can afford it.
RightRealDeal
Keep The Change
01:25 PM on 11/10/2011
student loans are the obligation of the student, no one else. no free ride, sorry. next....
09:58 PM on 11/14/2011
Where are private banks and private universities in your pretty picture? The public subsidizes the private sector with educational loans. Where is the loss of public funding for higher education? Where are bought and paid for politicians? I suppose you'd like to get rid of public elementary school too? Or perhaps you'd prefer eliminating all public programs, including the military, since they get a "free ride" on the public dime? Where's your limit?
RightRealDeal
Keep The Change
08:21 AM on 11/15/2011
pay your bills
12:41 PM on 11/10/2011
Most of these comments are really about a decade of greed driven Republican rule and current Republican congress. They ensured extreme growth of billionares’ wealth while ensureing the middle class to almost extinction. So the rich got extraordinarly richer with their special tax breaks and the rest of the population lost their incomes, jobs, homes, and food. I work full time as does my husband but neither of us have had a raise in more than 8 years. We have both seen decreases in health insurance, higher premiums, higher copays and less overall health care coverage. At the same time, everything we need to live (i.e. housing, utilities, gas, food, clothing, medications) has raised at an alarming rate. Both of us had to get second jobs to keep our house and pay our bills but continue to struggle. I had to tell my son he was on his own for college and he is working at a restaurant instead. Therefore, this has come down to the extinction of the middle class and the enormous grown of the extremely wealthy, who had no problem taking handouts from the government (i.e. special tax breaks, coporate loopholes). The majority of these enormously wealthy people certainly did not use their greater wealth to create jobs, which was the Republican reasoning for giving them special tax breaks.
11:36 AM on 11/11/2011
fan & fave!
10:22 AM on 11/10/2011
they should ignore their cries about debt. Its a good life lesson about loans. It may prevent these kids from buying a house or car they can't afford. Community college is nobody's life long dream but sometimes we have to do what we have to do.
RightRealDeal
Keep The Change
01:26 PM on 11/10/2011
they took the loan, they pay the loan. sickk of these freeloaders
02:31 AM on 11/10/2011
The picture above shows 3 people holding up a sign in front of a Chase bank. Why?

Chase is doing nothing illegal!

This 'occupy' movement is so flawed with logic, they make no sense whatsoever!

If you want change, occupy Congress that writes the regulations, rules and loopholes banks like Chase use to make their mega profits from. Until that happens, I will leave you with a simple message:

It is much easier to protest in a park than to take any real action!
02:03 AM on 11/10/2011
Don't you want to pay for the liberal professors and their pensions! They need your help, they are underpaid and undervalued. Here is your chance to step up and directly take care of the landscape of the liberal ambience and its caretakers. Isn't funny that when it is time to pony up to feed the cause they pass bowl quickly on to the next person or to big daddy govt.
This user has chosen to opt out of the Badges program
photo
Sunwyn Ravenwood
Farewell my friends, time to go...
01:40 AM on 11/10/2011
The comments about student loans are missing the point. School loans are needed because the schools have been raising tuition and fees at many times the rate of inflation, while actual wages have flat or decreasing over the last 30 years. Why? Because the students just borrow what they need, which the banks are all too willing to do. It's just like the housing market. People are suckered into taking on debts they will never be able to repay in exchange for a promised slice of the "good life": a high paying job or a 3 bedroom home in the suburbs.

The reality is that the market to absorb that many college graduates does not exist. Previous generations of college graduates could command high wages because they were rare. Now they are common, and therefore they are worth less.

Way to solve problem? Make it legal in all 50 states to declare bankruptcy and discharge your student loans 5 years or more after graduation if you can't repay it. The supply of student loan money will dry up, the supply of over-educated and unemployable people will diminish, and colleges will have less incentive to raise tuition and fees since students will be more careful when they have to spend their own money.
RightRealDeal
Keep The Change
01:28 PM on 11/10/2011
that is simply a means to a free ride
This user has chosen to opt out of the Badges program
photo
Sunwyn Ravenwood
Farewell my friends, time to go...
08:03 PM on 11/10/2011
So? Haven't those blood-sucking banker parasites been getting free rides all these years, not to mention million dollar bonuses?
This user has chosen to opt out of the Badges program
11:16 PM on 11/09/2011
Some of these kids have missed the point..

A person goes to college to get an education !!

You do not go to college to get a job !

A college degree does not now, nor has it ever has promised anyone a job
Michael5555
Explain how my micro-bio doesn't meet your guidel
07:36 PM on 11/09/2011
Ofcourse our government should provide low interest loans to students, ofcourse our government should also invest in students by giving them non repayable grants, but how many students took out loans and foolishly spent the money and did not work at one or two or three part time jobs as millions before them have ?
08:45 PM on 11/09/2011
Three part time jobs? Which planet are you on? Don't confuse the desire to moralize with reality.
Which millions do you refer to? At the Chocolate Factory, no doubt?
Michael5555
Explain how my micro-bio doesn't meet your guidel
09:35 PM on 11/09/2011
Plenty of people have worked one or two or three part time jobs, and millions of people have done so while putiing themselves through school.
No-name-plz
Social Justice starts with giving me your money
11:13 AM on 11/10/2011
The armed forces are hiring and have been for years.
02:26 AM on 11/10/2011
So why are you protesting in front of private banks?

You should be targeting 'occupy Congress'

Are you guys that dense?
HUFFPOST SUPER USER
Toka248
01:23 PM on 11/10/2011
Chase is responsible for a large number of illegal foreclosures in Detroit. After the protest on student loan debt, they went to Chase bank too. It's called a two-fer.