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College students protest debt on "Trillion Dollar Day"
Reuters ^

Posted on 04/25/2012 4:49:17 PM PDT by Sub-Driver

College students protest debt on "Trillion Dollar Day" 7:15pm EDT

By Edith Honan

NEW YORK (Reuters) - College students held demonstrations in several U.S. cities on Wednesday to mark the day total U.S. student loan debt was expected to reach $1 trillion, with some burning student loan documents and others demanding a right to "debt-free degrees."

The demonstrations for "One Trillion Dollar Day" come as President Barack Obama was visiting colleges to push Congress to extend the low interest rates on college loans to more than 7.4 million students. If lawmakers fail to act, rates on the loans will double on July 1 to 6.8 percent.

Describing his own struggle to pay off college debt, Obama appeared at the University of Iowa at Iowa City on Wednesday to talk to students about his campaign to make education more affordable. He made similar appearances on Tuesday in North Carolina and Colorado.

Several hundred protesters, mostly college students wearing placards noting the size of their debt loads, rallied in New York City's Union Square park on Wednesday.

They set fire to student debt documents and held signs reading "Debt free degrees" and "Education in America: Don't bank on it."

Hadi Nassar, 31, whose eight years of undergraduate and dental school education has left him $186,000 in debt, said he was having to rethink his plan to work at a community health clinic.

"It makes me angry. It makes me not want to do what I set out to do - which was, help people, take care of people," said Nassar, a dental resid

(Excerpt) Read more at reuters.com ...


TOPICS: Culture/Society; News/Current Events
KEYWORDS:
TS.
1 posted on 04/25/2012 4:49:22 PM PDT by Sub-Driver
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To: Sub-Driver

Educational Justice.

The government’s meddling has encouraged the rise in tuition, through making more money available, through the encouragement of socially conscious course material, and through diversity initiatives enticing the marginally qualified into college.


2 posted on 04/25/2012 4:51:40 PM PDT by Pearls Before Swine
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To: Sub-Driver

You’d better open your wallet because they haven’t even begun to soak us yet. :)


3 posted on 04/25/2012 4:52:21 PM PDT by Tzimisce (THIS SUCKS)
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To: Tzimisce

I can’t wait until these losers come to my door begging for food. I am to the point that anyone doing so is a parasite who has finally killed the host and is moving on, and I won’t help one bit. I’m just bitter now.


4 posted on 04/25/2012 4:56:28 PM PDT by kevslisababy
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To: Pearls Before Swine

Ever notice the Communists running our schools will do anything to protect/keep their bourgeoisie lifestyles?


5 posted on 04/25/2012 4:56:48 PM PDT by Tzimisce (THIS SUCKS)
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To: kevslisababy

Why would they come to you for food?
Baraq handles that.
Takes your tax money + prints 40% more, and gives them food stamps.


6 posted on 04/25/2012 4:59:23 PM PDT by nascarnation
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To: Sub-Driver
College students held demonstrations in several U.S. cities on Wednesday to mark the day total U.S. student loan debt was expected to reach $1 trillion, with some burning student loan documents and others demanding a right to "debt-free degrees."

Protesting? They ought to be locked up for breach of contract for not paying their bills!

7 posted on 04/25/2012 4:59:29 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Sub-Driver

Since I paid for my own education, can Obama just send me a check for the subsidy I would have received?


8 posted on 04/25/2012 4:59:45 PM PDT by Brilliant
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To: Sub-Driver
College students held demonstrations in several U.S. cities on Wednesday to mark the day total U.S. student loan debt was expected to reach $1 trillion, with some burning student loan documents and others demanding a right to "debt-free degrees."

Protesting? They ought to be locked up for breach of contract for not paying their bills!

9 posted on 04/25/2012 5:00:11 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Pearls Before Swine

The student loan deal is another liberal funding program.

Students borrow huge sums at subsidized rates, pay big $$ to colleges for overpriced education.

Schools pay big $$ in salaries to liberal profs and administrators.

Profs and admins contribute $$ to liberal candidates and causes.

And repeat.....


10 posted on 04/25/2012 5:00:23 PM PDT by nascarnation
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To: Sub-Driver

>>Hadi Nassar, 31, whose eight years of undergraduate and dental school education has left him $186,000 in debt, said he was having to rethink his plan to work at a community health clinic.<<

I have a nephew who also has a ton of student debt — I asked him (no answer btw) the size of the gun the loan officer held to his head when he promised to pay back the loan he got.

When I went to school, I had a plan (it changed while I was there but nonetheless I still had a plan when I graduated). I paid back my student loans — what makes the :gimme” generation’s loans somehow sacrosanct?


11 posted on 04/25/2012 5:02:12 PM PDT by freedumb2003 ('RETRO' Abortions = performed on 84th trimester individuals who think killing babies is a "right.")
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To: Sub-Driver
Protest organizer Katie Zaman, a Wisconsin Ph.D. student in sociology with $111,000 in debt waiting for her when she graduates in three years, suggested the federal government forgive all student loan debt, especially after bailing out big banks that had lost huge sums because of risky investments.

"It's not going to be worth it. I might as well have not come to graduate school. I might as well be working at Starbucks right now," said the 35-year-old single mother, who has two graduate degrees.

35 years old, 3 years from graduating with a sociology degree, and $111k in debt. There is a slow learner.

12 posted on 04/25/2012 5:07:51 PM PDT by 6SJ7 (Meh.)
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To: Sub-Driver
Hadi Nassar, 31, whose eight years of undergraduate and dental school education has left him $186,000 in debt, said he was having to rethink his plan to work at a community health clinic.

"It makes me angry. It makes me not want to do what I set out to do - which was, help people, take care of people," said Nassar


Gosh, I guess he just didn't see it coming over a period of eight years.
13 posted on 04/25/2012 5:10:15 PM PDT by andyk (Go Juan Pablo!)
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To: 6SJ7

Pathetic isn’t it?

These people are so inept that they swallow the media line about how “education” is the route to economic success.

Yes if you go to Wharton and then Goldman Sachs you do make a lot of money.

But Katie, you’re not gonna be a 1 percenter, LOL.


14 posted on 04/25/2012 5:14:50 PM PDT by nascarnation
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To: 6SJ7
"35 years old, 3 years from graduating with a sociology degree, and $111k in debt."

The guy replacing her exhaust at the local muffler shop is undoubtedly in better financial shape than her.

Sucks to be you, honey.

15 posted on 04/25/2012 5:16:57 PM PDT by SnuffaBolshevik (In a tornado, even turkeys can fly.)
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To: 6SJ7

If she’d really been smart she would have taken the GSL checks and invested them in Krugerrands.
Now she’s got to wait until a position opens up in the Wymens’ Studies program. Here’s your TSS baby.


16 posted on 04/25/2012 5:20:28 PM PDT by tumblindice (Our new, happy lives.)
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To: EGPWS

Yup! Might just be the source of the Brown Shirt Army! Four years of service to pay off what the military receive as benefits now. Kind of like the Peace Corps. Actually there is a Federal Loan forgiveness program but you have to work in Public service and make 120 payments.


17 posted on 04/25/2012 5:21:07 PM PDT by huldah1776
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To: freedumb2003

Now the interest on student loans is an itemized deduction, and that was more than I got with a 9% loan.
The catch, of course, is that you have to have income (a job). “Debt-free education”!
There ain’t no free lunch, kiddos, unless your last name is
Obama. Or whatever it is. You voted for him, you tell me.


18 posted on 04/25/2012 5:33:46 PM PDT by tumblindice (Our new, happy lives.)
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To: All

“Katie Zaman, a Wisconsin Ph.D. student in sociology with $111,000 in debt waiting for her when she graduates in three years, suggested the federal government forgive all student loan debt, especially after bailing out big banks that had lost huge sums because of risky investments.”

Apparently investing 111,111 in her education was a very risky investment - she’s still stupid.


19 posted on 04/25/2012 5:52:06 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
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To: All

“Katie Zaman, a Wisconsin Ph.D. student in sociology with $111,000 in debt waiting for her when she graduates in three years, suggested the federal government forgive all student loan debt, especially after bailing out big banks that had lost huge sums because of risky investments.”

Apparently investing 111,111 in her education was a very risky investment - she’s still stupid.


20 posted on 04/25/2012 5:52:06 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
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To: Sub-Driver

These fools borrow $30,000 a year for 5 years to get a degree in Humanities that isn’t worth the paper it is printed on and then they want to be relieved of the obligations for their stupid decisions.

If you are going to go into debt to get a degree, then choose engineering or medicine.

If you are going to get a degree in Humanities or Liberal Arts or some other stupid degree, then go to a junior college and then a state college and pay for it yourself. Then when you decide you want a career, you can go to work in the McDonald’s management program or Taco Bell and you won’t have a $2500 a month obligation that you are never going to meet.


21 posted on 04/25/2012 6:34:51 PM PDT by P-Marlowe
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To: Brilliant
No.

But since I think I would have been turned down for a loan once, had I applied for it, I expect reparations in the amount of $50K.
I can prove I don't have a degree, so that means I deserve a check!
(Well it works for the PIGFORD non-farmers)

In fact, lets just go ahead and add damages for loss of income, because if I had applied for a student loan, and achieved a degree, it would probably have been in environmental engineering.
I would have invented and patented a new form of energy.
So...just to be fair, up that check amount to 10 Billion dollars, and I will be satisfied.

22 posted on 04/25/2012 6:38:41 PM PDT by sarasmom ( http://www.youtube.com/watch?feature=player_embedded&v=xZsFe6dM3EY)
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To: 6SJ7
I wish I knew how to set up an Internet betting pool!

I could rake in a few hundred dollars on the odds spread that she is a registered Democrat!

23 posted on 04/25/2012 6:44:45 PM PDT by sarasmom ( http://www.youtube.com/watch?feature=player_embedded&v=xZsFe6dM3EY)
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To: 6SJ7
You gotta be kidding me. She's older than me, and I have a J.D. degree which I got after two stints in undergrad. She also has more debt than me, and law school isn't cheap.

But at least I'm working.

24 posted on 04/25/2012 6:53:29 PM PDT by Darren McCarty (The Republican Party is bigger than the presidency.)
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To: Sub-Driver
Hadi Nassar, 31, whose eight years of undergraduate and dental school education has left him $186,000 in debt, said he was having to rethink his plan to work at a community health clinic.

Talking about helping the 1%. Rich kids borrowing money to allow them to earn big bucks. He just doesn't want to pay back the money.

25 posted on 04/25/2012 7:54:48 PM PDT by Mike Darancette (Romney just makes me tired all over.)
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To: Sub-Driver

You’d think they’d try to get the government to sue “Big Education” for collusion and RICO violations. But that requires common sense, something not in abundance on college campuses.


26 posted on 04/25/2012 9:01:23 PM PDT by ProtectOurFreedom
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