Student Loan Info Organizations (non-profit, non-governmental)
Project On Student Debt
The Project on Student Debt works to increase public understanding of this trend and the implications for our families, economy, and society. The Project’s goal is to identify cost-effective solutions that expand educational opportunity, protect family financial security, and advance economic competitiveness. The Project on Student Debt is an initiative of the Institute for College Access & Success, a nonprofit independent research and policy organization dedicated to making college more available and affordable to people of all backgrounds.
Income Based Repayment (IBR)
IBRinfo was created by the nonprofit, nonpartisan Project on Student Debt to help student loan borrowers learn about two new federal loan programs: Income-Based Repayment (IBR) and Public Service Loan Forgiveness.
Student Loan Fundamentals
This organization is run by an anonymous student loan collector, known as “the Rogue Student Loan Collector,” aka “Mr. Kay.” It is unclear whether he is currently or previously a loan collector. However, his website provides a lot of useful information about your rights as a borrower, especially if you’ve defaulted on your student loan. He also gives step by step instructions on how to stop phone harrassment, how to stop wage garnishment, or how to rehabilitate a defaulted student loan. In addition to his website, he has a channel on YouTube.
Political Action Groups
Reduce the Rate
People: Jesse Jackson + the Rainbow PUSH Coalition
Goal: To decrease student loan interest rates to 1% (the same percentage banks are allowed to borrow from the government), to extend the grace period for repayments from 6 months to 18 months after graduation, and to increase Pell Grants.
More: You can sign their petition on the website.
Forgive Student Loan Debt to Stimulate the Economy
People: Robert Applebaum
Goal: Forgiving student loan debt would immediately stimulate the economy.
More: As of 2009, there is $550 Billion in outstanding student debt. Consumer spending accounts for over 2/3 of the U.S. economy, and consumer spending has drastically declined. The quickest way to free up consumer spending money is to forgive the $550 billion in student debt and let it recirculate it into the economy. In light of the trillions of dollars handed over to the banks in the recent bailout, this seems especially fair.
Emancipating Education for All
An independent platform for groups and activists around the world to exchange information, network and unite in their struggle against the increasing privatisation of [and for free and emancipatory] public education!
This organization started as a trans-national mailing list for the discussion of transformations of the university into characteristics of a factory. They attempt to radically rethink the university by means of theory and politics. This is a good source for theory and essays, many of them are download-able. Also, check out their YouTube channel to learn more about them.
Financial Aid Planning + Advice for Students
People: Mark Kantrowitz, financial aid and college planning author (also, publisher of FastWeb, a scholarship matching service)
Goal: A great resource for financing your education.
More: FinAid is considered the most comprehensive source of student financial aid information, advice and tools. It was established in 1994 and it is free to use. The site has won awards from the College Board, the National Association of Student Financial Aid Administrators, the National Association of Graduate and Professional Students and the American Institute for Public Service.
Default: the Student Loan Documentary
Books + Reading
Toward a Global Autonomous University
The Student Loan Scam
Edu-Factory’s Journal Download Free
Input your loan amount, interest rate, loan fees, minimum payment and figure out how long it will take to pay off your loans and other info.
Calculate what the dollar value of a student loan was when you (or your parents) entered school and compare that to its value now. See how high tuitions have grown relative to inflation.