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Student Loans Topics

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Democracy Now! reports about the growing student debt crisis.

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  • Obama-loans1
    President Obama has unveiled new executive actions to address what some have called the nation’s next financial crisis: the over $1.2 trillion in student loans. Obama’s order will expand the "Pay As You Earn" program capping loan payments at 10 percent of monthly income. The program also forgives any outstanding debt after 20 years of payments. The massive cost of U.S. college tuition has saddled millions with crushing...
    June 10, 2014 | Story
  • Ivory-tower1
    The cost of a college degree has grown by over 1,120 percent in the past three decades, far surpassing price hikes for food, medical care, housing, gasoline and other basics. Coupled with $1.2 trillion in student debt, the U.S. is facing a crisis that threatens not just the economy but the nation’s education system itself. The issue is explored in the riveting new documentary "Ivory Tower," which argues the model for higher...
    June 10, 2014 | Story
  • Papasfritas
    You may know the adventures of Robin Hood and Zorro, outlaws fighting for the poor. Today we meet the newest member of that club, a Chilean activist who goes by the name Papas Fritas. Francisco Tapia, known as Francisco "Papas Fritas," or French fries, says he burned $500 million worth of debt papers from the private Universidad del Mar. Chilean authorities are in the process of shutting down the university over financial...
    May 23, 2014 | Story
  • Studentloan
    On the heels of President Obama’s signing of a measure keeping federally subsidized student loans at a relatively low rate through 2015, Rolling Stone political reporter Matt Taibbi joins us to discuss how the high price of U.S. college tuition and the federal expansion of student debt to pay for it pose a major threat to the economy. In his new article, "Ripping Off Young America: The College-Loan Scandal," Taibbi writes:...
    August 20, 2013 | Story
  • Student-loan
    The interest rate for federally subsidized student loans has doubled to 6.8 percent after Congress failed to reach a deal to avoid the hike. A proposal by Democratic Senator Elizabeth Warren to lower student loan interest rates to 0.75 percent — the same rate given to big banks on government loans — also faltered before the deadline. Lawmakers will still have a chance to come to an agreement before the next school year, but...
    July 03, 2013 | Story
  • Cooper_decor
    Students and administrators at New York City’s Cooper Union are clashing over the future of one of the last private universities in the United States to offer free tuition. Activists are occupying the president’s office for a ninth day after the school said fiscal problems would force an end to more than a century of free tuition for undergraduates. We host a debate with three guests: Mark Epstein, the chairman of the board of...
    May 16, 2013 | Story
  • Discussion
    The Occupy Wall Street movement is largely credited for reframing the national dialogue on economic inequality and popularizing the phrase, "We are the 99 percent." We host a roundtable with Frances Fox Piven, an author and professor at City University of New York who has studied social movements for decades; Nathan Schneider, editor of the blog Waging Nonviolence, which has extensively covered the Occupy movement; and Suzanne...
    September 17, 2012 | Story
  • Student_debt_protest
    Today marks what activists are calling 1T Day, the day U.S. student debt reaches $1 trillion. A coalition of groups from Occupy Wall Street plan to gather on college campuses and communities around the country to protest record-high college costs and call for an extension of low-interest rates on federally subsidized Stafford loans. In a bid to court the youth vote, President Obama weighed in on student debt on Tuesday with a speech at the...
    April 25, 2012 | Story
  • Splash_image20111205-21747-1wm3vfq-0
    Monday was a day of action for university students on both coasts angered by the rising cost of tuition and the crackdowns on their recent protests. In California, students temporarily shut down a meeting of the University of California Board of Regents to protest a series of tuition hikes and the violent response to protests at UC Berkeley and UC Davis. Wary of a massive demonstration, the regents met by conference call from four different...
    November 29, 2011 | Story
  • Splash_image20111011-14782-1mty43a-0
    In 1968, Olympic medal winner John Carlos became an international icon when he and Tommie Smith raised their fists in the Black Power salute during the national anthem at the Olympic prize ceremony as a protest against racism in the United States. The photo of the men has become one of the most iconic images of our time. Carlos has just published a new memoir with assistance from sportswriter Dave Zirin. The two spoke to a crowd at Occupy Wall...
    October 11, 2011 | Story