Student debt is bigger than credit card debt — about a $1,000,000,000,000.00, give or take a $1,000,000,000.00 or $2,000,000,000.00 — and apart from the recent PR news that we have a rising economy, it will be impossible for many to pay off that investment.
But so what? Some kid decides to get a college degree in Early Rock Jewelry of Upper-Middle-Earth Hobbits, and they can’t afford it. Why should you care?
For one, if you’re trying to continue a growth-based economy (which, of course, is physically impossible), then having potential consumers taking their money and sending off to the banks, as opposed to investing it into their economy, is a back-breaker for such an economy.
But it goes beyond the numbers you can find in Forbes’ “The American Nightmare”. Intelligent, well-educated people everyday are choosing between paying their heating bills or student loans. And for those who are lucky enough to skip college, the workforce isn’t going their direction — as enrollment decreases, the amount of jobs for which employers require a degree is not.
One Occupier wrote us and asked us to spread the word about his project. What’s your story?
NewsiT (www.newsit.net) a startup crowd-reporting site covering the
student loan crisis, and we’re looking for students and recent
graduates who can tell us their stories and how student debt is
affecting their lives:
Click his link below and fill it in. There’s a lot of storytelling that needs to be done, if we want people to occupy educated.