Occupy Student Debt Campaign

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Welcome to the Occupy Student Debt Campaign. This campaign is a response to the student debt crisis and the dependency of U.S. higher education on debt-financing from the people it is supposed to serve. There is no justice in a system that openly invites profiteering on the part of lenders. Education is a right and a public good, and it should be properly funded as such.

Sign The Student Debtors’ Pledge of Refusal

As members of the most indebted generations in history, we pledge to stop making student loan payments after one million of us have signed this pledge.

Student loan debt, soon to top $1 trillion, is poisoning the pursuit of higher education. With chronic underemployment likely for decades to come, we will carry an intolerable burden into the future. The time has come to refuse this debt load. Debt distorts our educational priorities and severely limits our life options.

Education is not a commodity and it should not be a vehicle for generating debt, or profit for banks. Education at all levels –pre- K through Ph.D. — is a right and a public good.

* We believe the federal government should cover the cost of tuition at public colleges and universities.

* We believe that any student loan should be interest-free.

* We believe that private and for-profit colleges and universities, which are largely financed through student debt, should open their books.

*We believe that the current student debt load should be written off.

In acknowledgment of these beliefs, I am signing the Debtors’ Pledge of Refusal.

From Occupy Wall Street:

Occupy CUNY and allied protestors who gathered Monday at Baruch College to express opposition to CUNY tuition hikes, unfair labor practices, and privatization were met with an increasingly familiar response: violent suppression of their basic right to dissent. Protestors were barred from attending a so-called “public” meeting of the school’s trustees and ordered to disperse. CUNY security and NYPD moved in with nightsticks drawn, turning a nonviolent protest into a chaotic melee.

2 thoughts on “Occupy Student Debt Campaign

  1. I have long ago paid off any student debts that I owed, however what I see and hear about this type of debt slavery needs to be corrected. I saw a picture of a protester burning his Sally May or Freddie Mack student loan agreement and this really showed that hopefully, this generation , will not put up with this debt slave bullshit. We should not go back to peonage or feudalism. One tactic to fight this would to get dual citizenship in a Western European country, this is not that hard, and then start a new life over there.I have split citizenship, USA and The Republic of Ireland. This is similar to the actions that protesters in the 1960`s did when they burned their draft cards and went to Canada.We are becoming a slave state and we should never forget, the option to leave everything behind and start anew in a more progressive country. I believe any Western European country would fit this description.

  2. Hi There Bigother,
    I just stumbled across this and, What is the most crucial part of a loan? Is it your search, finding approval or anything else? Well, it may come to you as complete surprise that the most significant part of any loan option is its repayment schedule. You may not agree with this particular view now. But, after a certain point of time, you will surely recognize this fact. You may understand its importance when it is too late. So why not consider the perils in advance and take the necessary steps to avoid it.
    All the Best
    In America: governments, businesses, individuals are now buried under a mountain of debt. A mountain of debt that will never be repaid.

    Who will borrow when they can’t make the payments on the debt that they have already? The math alone calls for a system reset, a debt jubilee.

    Investors are already losing… in a rigged monetary casino that rewards usury, speculation, and currency manipulation while looting main street.

    There is a moral principle that debts should be honored. That is, debts between businesses that buy and sell real products, not bundled ponzi schemes, debts between individuals, between friends and businesses that know each other to be rational and moral, debts based on investments where there is a rational expectation of return.

    There is also a moral principle that unjust debts should be cancelled, and usury legislated against. Debts that are ‘odious’, debts based on fraud, debts to dictators, debts arranged by oligarchs without the consent of the general population (the 99 percent who have been left out of the equation), debts based upon compound interest upon compound interest, that should have been written off long ago, the debts need to be cancelled in a general jubilee. Think outside the box. It’s time for a jubilee.

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