. Forgive Student Loan Debt to Stimulate the Economy | Forgive Student Loan Debt to Stimulate the Economy
Skip to Content

Check out Rob's new site:


The Proposal

President Obama recently signed into law a $787 billion stimulus package on top of Bush's grossly mismanaged $700 billion TARP bailout from last September. Several weeks ago, the Federal Reserve basically printed an additional $1,000,000,000,000 to inject more funds into the monetary system which will undoubtedly have the effect of diminishing the purchasing power of the dollar.

Resetting The Movement

Dear members of Forgive Student Loan Debt:

As you're likely aware, this group began on January 29, 2009, the day I wrote the accompanying essay advocating for student loan forgiveness as a means of economic stimulus. At the time I wrote the piece, I was (and remain to this day) current on my student loans. While I may have used my own personal story to illustrate how student loan debt can snowball out of control, I never made the case that I am personally struggling to repay my student loans or that I even want or need to have them forgiven. Rather, I wrote the essay because I was annoyed that a mere 9 days after the inauguration of President Barack Obama, the exact same arguments we've been having for decades were continuing without any new information or any new ideas for how to stop the economy from completely spiraling out of control. By that time, over 4 months had passed since the near-collapse of the financial sector in September, 2008. We knew how deep the problem was and how difficult it would be to climb back out of the hole that affected ALL of us - from the CEOs to workers with 401(k)s.

Wallet Pop - Something For Nothing: How Volunteering Can Help Pay Off Student Loans

These programs aren't for everyone, however, they're better than nothing.  Certainly worth looking to see if they're appropriate for you.

Publish Date: 
August 25, 2010

The Bigger Our Numbers, The Louder Our Voices

As you know, fundraising is one of my least favorite things to do - not only because I just don't like having my hand out, but because I recognize that the very people I'm trying to help are those who tend not to have extra money with which to make such donations.  As such, thanks to the keen suggestion of one of our fellow members, I've decided to start a new, small-donor fundraising push for one specific purpose:  purchasing a banner ad on Yahoo!

 

Wallet Pop: Student Loan Horror Stories - What's the Worst that can Happen?

Some of you made fun of me for including "suicide" as an option in my poll about the most aggressive form of protest you'd consider so as to be heard by Congress regarding your student loans.  While I personally don't think student loans are cause for anything so drastic, I included it as an option in the poll because I was well aware of many stories of people who felt so defeated that suicide started seeming like a viable option to them. 
 

Publish Date: 
August 20, 2010

The Atlanta Post: Will Student Loan Debt be the Next Bubble to Burst?

The recent news that student loan debt has finally exceeded credit card debt in America has, apparently, caught the eye of more and more people who should have been paying attention to this all along.  Nonetheless, any increased visibility this looming crisis is now enjoying is a good thing for those of us in the trenches of this fight.  This particular article is significant in light of the following quote:
 

Publish Date: 
August 17, 2010

Inside Higher Ed: Damaging Data on Loan Repayment

The Department of Education released new data last Friday demonstrating that loan repayments are significantly lower than had been previously assumed or expected.  This is of particular concern to for-profit schools who must demonstrate a repayment rate of at least 45% to continue their respective financial aid programs' eligibility for federal student aid under the department's proposed new Gainful Employment regulations.

Publish Date: 
August 16, 2010

FastWeb's Quick Reference Guide to Repaying Student Loans

Lots of helpful information regarding student loan repayments all in one convenient place:
http://www.finaid.org/loans/RepayingStudentLoans.pdf

Forgiveness of student loans – Do you qualify? | #1 National ...

Did you know there are many programs that will actually repay all or part of the loan is your university? For student loan forgiveness is not a myth. Many of.#1 National Student Loan - http://nationalstudentloan.bestconsolidatingstudentloans.com/

ADVERTISEMENT

Syndicate content