Monday, March 16, 2009

Students and Student Loans in America--and some having to flee abroad

Dear American students and those caught in the American Student Loan Boondoggles,

I have been listening to the true stories of students who have had to flee the USA to live abroad after USA student loans could not be erased--even after declaring bankruptcy after a family health crisis.

http://money.cnn.com/2008/10/23/pf/college/student_loan_fugitives/index.htm?postversion=2008102407

I have done a quick search on Google on this topic and there are well over 100,000 hits on this topic.

DEMOCRACY NOW did a great service and interview with Jesse Jackson and student victims of the Student loan scandles of the past three decades. They are all calling for change.

The Interview is called Reduce the Rate: Rev. Jesse Jackson Joins Movement Against Crippling Rates on Student Loans.

"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."

http://i3.democracynow.org/2009/3/12/reduce_the_rate_rev_jesse_jackson

Young Americans need to join in.

http://www.reducetherate.org/node/3475?gids=3475

With a billion people being pushed into poverty in this year's global economic recesssion, everyone needs help.

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