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Student Loans Topics

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Democracy Now! reports about the growing student debt crisis.

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    Students made up a large contingent of Wednesday’s march in support of Occupy Wall Street. A national day of student walkouts was held to protest budget cuts and to show support for Occupy Wall Street. According to the website OccupyColleges.org, walkouts occurred at 75 schools across the nation, including many in New York City. Democracy Now! met up with several students who walked out of classes at the City University of New York, the...
    October 06, 2011 | Story
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    The deepest cuts in the Republicans’ 2012 budget proposal come from programs that serve the poor, including nutrition, student loans, and especially healthcare. In one of the most sweeping changes, the budget plan would gut Medicare and Medicaid programs by turning Medicare from a guaranteed benefit into a system in which private insurers cover elderly Americans, and cutting $800 billion from Medicaid by turning it into a state block...
    April 07, 2011 | Story
  • Student-loans
    Hundreds of students rallied on Capitol Hill Tuesday to support a massive overhaul of student loan programs. The measure would end the role of private banks in federally backed student loans and make the government the primary lender. Student protesters have also converged in Washington to call for passage of the Development, Relief and Education for Alien Minors Act. The DREAM Act would grant permanent citizenship to undocumented workers’...
    March 25, 2010 | Story
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    New federal credit card rules that took effect Monday promise to outlaw the most egregious practices of the credit card industry that have plunged customers into insurmountable debt. The Credit Card Accountability Responsibility and Disclosure, or CARD, Act includes new protections for customers under twenty-one and makes it illegal for credit card companies to retroactively increase rates and charge certain types of misleading fees. But many...
    February 23, 2010 | Story
  • Lawmakers and public officials in California, Ohio, South Carolina, Missouri, Washington and other states are attempting to crack down on the controversial practice known as payday lending. Payday loans are short-term loans or cash advances secured by a post-dated check. The annual interest rate for these loans can be as high as 400 percent, ten times the highest credit card rates. Today, it’s a $40 billion industry with more than 22,000...
    March 26, 2009 | Story
  • Amid massive government bailouts of the nation’s banks, we speak to the Reverend Jesse Jackson about Reduce the Rate, his new campaign urging the Obama administration to slash the interest rates on crippling student loans. We also speak with Alan Collinge, founder of Student Loan Justice and author of The Student Loan Scam: The Most Oppressive Debt in U.S. History — and How We Can Fight Back. [includes rush transcript]
    March 12, 2009 | Story
  • In an important victory for college students, President Bush will sign the largest increase in student aid since the GI Bill — an increase he initially threatened to veto. Meanwhile, Bush may soon have to decide on whether to follow on another veto threat. The House has passed a $35 billion expansion to the State Child Health Insurance Program (S-CHIP), and the Senate is expected to follow suit. We speak with Roger Hickey of Campaign for...
    September 27, 2007 | Story
  • We take a look at a new documentary by veteran journalist and media critic Danny Schechter called "In Debt We Trust: America Before the Bubble Burst." The film shows how "the mall replaced the factory as America’s dominant economic engine and how big banks and credit card companies buy our Congress and drive us into what a former major bank economist calls modern serfdom." [includes rush transcript]
    April 04, 2007 | Story
  • Yesterday the senate narrowly passed a budget bill to cut $40 billion dollars of federal spending by ending funding for foster care, child support and student loans. The bill would also impose new fees on Medicaid recipients and new work restrictions on state welfare programs. We speak with Robert Greenstein of the Center on Budget and Policy Priorities about details of the bill. [includes rush transcript]
    December 22, 2005 | Story