Why is Student Debt a Crisis?

Student debt prevents young people from ever connecting with a personal sense of financial autonomy. This leads to a docile, disempowered and immature adult citizenry. This is why the current student debt situation is, in fact, a crisis, and why it affects all of us.

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Some Options

EDU Debtors Union is primarily an advocate for options when it comes to repaying student loans.  Because every student loan has been stripped of standard consumer protections it is especially important that student debtors are aware of repayment options (refusal to pay is also an option).  And because the traditional loan protections do not exist [...]

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EDU Wish List

Restore bankruptcy protections to student loans.  See the work Student Loan Justice has done on this issue: http://bit.ly/saBy36 EDU House – subsidized housing for student debtors.  See our blog post for more info. http://bit.ly/w2gIeX Mass defaults – This might be the only tactic for renegotiating better debt repayments with private lenders and banks. See the last paragraph of this [...]

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@edudebt

Blog

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    Faces of Debt, a Photobooth for Student Debtors

    On December 20, 2011 I was thrilled to present the first iteration of Faces of Debt, a Photobooth for Student Debtors at Hunter College.  Along with five other interactive artists, I was part of the iArt Exhibition that showcased interactive projects about Occupy Wall Street and Student Debt, among other topics. The project was successful [...]

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  • Bail Out Student Debt

    Student Debt Strike? Not So Much

    I have to admit when I first heard about Andrew Ross’ student debt strike I was thrilled. I’ve been talking about the possibility of mass defaults as a collective bargaining tactic for years now. To organize something like this could take years, though, so I was shocked to see a campaign for mass defaults this [...]

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  • RCA_0017-poster

    @edudebt @OWS

    The sun was shining all day as folks came out to Occupy Wall Street NYC to discuss and debate issues surrounding student debt.  It is clear that EDU Debtors Union is on to something important.  In collaboration with Alan Collinge of Student Loan Justice, I spent all day either talking to cameras (TV Tokyo, The [...]

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    Introducing the Debtor Class

    As the gap between rich and poor continues to widen and the American Middle Class becomes a thing of the past, a new class of citizen has emerged.  The Debtor Class is a bizarre blend of educated, hard-working and broke as shit.  (Pardon the expression, but in this case it is so true)  In straight [...]

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  • keep-your-money-we-want-change

    What if We All Just Stop Paying?

    I’ve been asking this question for two years now with no sense of what the answer is – What if we all just stop paying our student debt payments?  The government and the banks are obviously hurting for cash.  Refusing payment is a strategy for negotiating better payment options and much lower interest rates.  Our [...]

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    EDU House – A Possibility?

    While filling up the gas tank of my rental truck I heard over the radio that the Federal Housing Administration was taking public suggestions for how to use all the empty foreclosed homes in the U.S.   I thought immediately of EDU House. For a few years now I’ve been toying with this idea of [...]

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