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College Loan Interest Rates

Needed: A Mass Movement for College Debt Relief

Robert Kuttner | Posted 07.19.2013 | Politics
Robert Kuttner

The student loan program calls attention to the double standards of debt relief. Corporations are able to declare bankruptcy under Chapter 11 and write off old loan -- but college debt follows former students literally to the grave even if they go bankrupt. Big banks have gotten trillions of dollars of debt relief from the TARP program and the Federal Reserve's program of buying toxic assets from banks. But there is no debt relief for students and former students. Can't we build a movement around that? Refinancing of college debt would put the money to better use and provide an immediate stimulus to the economy. Pete Peterson and company love to invoke generational justice when they propose cutting Social Security. But debt relief for students and former students would introduce some generational fairness right now. Why doesn't the corporate-led "Fix the Debt Campaign," yet another group promoted by Peterson, start demanding that we fix the college debt?

Why Privatization Won't Solve the Student Loan Crisis

Credit.com | Posted 12.23.2012 | College
Credit.com

What separates Democrats and Republicans on the matter of the student debt crisis is a chicken or egg debate about low-cost, lightly credit-underwritten government financing and grant-giving, and the unsustainably high tuition prices charged by the schools.

The Politics of the Stafford Loan

Uloop | Posted 08.05.2012 | College
Uloop

As negotiations continue, there is a worrying expression for the students of the country. The waiting game continues, with the hope that come July 1st, the rates won't go up.