Mon, 17 April 2017
The level of student loan debt has risen to $1.5 trillion and defaults are 40% and rising. Underneath the crisis are rising tuition costs, a predatory student loan industry and an absence of consumer protections for students. Governor Cuomo recently signed a new law that is supposed to help with the cost of higher education, and Senators Sanders introduced similar legislation at the federal level. Alan Collinge, the founder of Student Loan Justice, says that these efforts will not solve the crisis, which is going to hit within the next 12 to 18 months. Nothing short of a student debt jubilee will end the crisis. For more information, visit www.ClearingtheFOGRadio.org.