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Occupiers pledge to refuse repaying student loans

Occupiers pledge to refuse repaying student loans

From Fox Nation

Forgiveness of student loan debt has emerged as one of the most consistent demands of the Occupy Wall Street movement. Later today, New York-based protesters will announce a new campaign aimed at accomplishing this goal:

Under the campaign — which grew from the original Occupy Wall Street protest and is now known, inevitably, as Occupy Student Debt — borrowers will pledge to stop repaying their student loans once 1 million people vow to do so as well. The campaign is calling for several reforms of higher education, including free public colleges, no-interest loans, greater transparency at private and for-profit colleges and complete forgiveness of all existing student debt.

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23 Responses to Occupiers pledge to refuse repaying student loans

  1. jasmine November 21, 2011 at 9:15 pm #

    Wonder if these yahoos know that the U.S. Treasury Department has a program whereas people who are delinquent on a Federal Loan (student loan, SBA loan, VA loan, etc) will have their Tax Refund offset by the amount of money owed. In other words, if you are delinquent on a Federal loan, your Tax Refund will be “offset” each year until you pay in full the amount owed. They may get a partial payment if the Tax Refund is more than the amount owed. But for those who owe a lot of money, instead of a check or direct deposit payment of their tax refund, these delinquents will get a nice little letter that says “we took your money because you owe it to us”. They will also offset Federal Annuity payments (Social Security 25% only), Federal salary, vendor payment, etc. The only Fed payment they won’t touch is Supplemental Security Payments (welfare). This same offset program has agreements with several states to collect Child Support payments, too. This program has been around for many years and has recouped millions of dollars owed to the government.

    • Sarah November 21, 2011 at 10:08 pm #

      What I’m wondering is, what exactly do these people think will happen to the quality of college education if it becomes free? It will decline even worse than it already is and will become the joke that is elementary and secondary public school, and headstart…

      • Candy November 21, 2011 at 11:13 pm #

        They act like kindergarteners Sarah thus their education should treat them like babies.

      • michael November 21, 2011 at 11:49 pm #

        What I’m wondering is, why can’t you see a gray area between “free” and tens of thousands of dollars a year? Top colleges in this country can cost around $50,000 a year, despite having several hundred million (or in some cases, several billion) dollar endowments. Do yourself a favor and look into how much it costs to go to a school like McGill in Canada, or Oxford and Cambridge in England, or the Sorbonne in France– colleges which are typically considered some of the best in the world.

  2. Candy November 21, 2011 at 11:11 pm #

    So you want a free education.

    You fucking lazy ass children!! My son is paying back his loans and has never missed a payment. Why should you get to default on your payments?

    He should be commended and rewarded with your money for keeping his loans up-to-date. This is being done with a wife and new baby. Why? Because he’s an ethical man!

    • Nellie November 21, 2011 at 11:25 pm #

      Those protestors all need an intensive course in ETHICS!

    • michael November 21, 2011 at 11:42 pm #

      so lazy that they’ve spent weeks living in tents in the cold trying to affect change in this country! you show those kids how we do it in america, candy– sitting on our asses in well-heated homes!

      • jasmine November 22, 2011 at 6:30 pm #

        Speak for yourself. Most of us are going to work each day so that we can pay our taxes, put food on the table for our families and be productive citizens.

        Yes, they are lazy. Just how much effort do you think it takes to sit in a tent, walk around holding a sign and demand that they be given things for free? OH, right, its really hard work texting on your phone, emailing your buds and smoking a joint. Besides, the only thing they are trying to change in this country is the need for people to EARN a living – they want things handed to them for ZERO effort. Give me a break.

  3. Nellie November 21, 2011 at 11:21 pm #

    The end result of this action will be the end of all student loans.

    And perhaps those loans should never have begun in the first place.

    Loans without collateral are a risky business!

    Our financial institutions should never made a loan without the assurance that it can be repaid and that it will be repaid!

    • Candy November 21, 2011 at 11:24 pm #

      Guaranteed student loan???

      Nellie, if the babies won’t pay their student loans you’ll be paying for their education through the money the government is going to collect from you.

      • Nellie November 21, 2011 at 11:29 pm #



        • michael November 21, 2011 at 11:40 pm #

          CAPS LOCK

  4. Travis November 22, 2011 at 1:56 am #

    Really? Can you name a college with a tuition rate that high? There are only 80 colleges in the U.S. with tuition rates at or above $40,000.

    Higher education isn’t a right. There’s nothing saying you have to go to the most expensive school in the country.

    I spent my first two years of college at a community college. I paid a little under $2,000 a year in tuition including Summer and Maymester classes; receiving over 50 credits each year. I finished up at a State University paying $4,500 one year and $2,500 for a semester. My Bachelors cost $11,000 plus books; which I mostly bought used and sold after completing classes.

    There are other colleges that cost even less than I paid. collegestats.org/colleges/all/lowest-instate-tuition

    I don’t think the general public should have to because someone made a poor decision and went to a school they couldn’t afford!

    • jasmine November 22, 2011 at 8:02 am #

      Travis, you took the smart route to a higher education, probably because you didn’t fall prey to the notion that you HAD to go to an ivy-league college. Back when Sarah Palin was running with McCain, a lot was made of the fact that she went to different colleges. She did so because of the cost – she went where she could get the best education that she could afford. Yet, she was portrayed as being “stupid” because of it. No, she wasn’t stupid. Like you, she was one smart cookie.

  5. jasmine November 22, 2011 at 7:43 am #

    Anyone who has college age kids and doesn’t want them to face student loan debt, should look into sending their kids to College of the Ozarks – where kids can work to help defray their tuition costs. Here is what it says on their website:

    == Each student participates in the on-campus Work Education Program 15 hours each week and two forty-hour work weeks. Credit from participation in the Work Program, plus any federal and/or state aid for which students qualify, plus a College of the Ozarks Cost of Education Scholarship combine to meet each student’s full tuition charge. ==


    If I had known about this program six years ago, I might have been able to convince my son to attend. As it is, he managed to graduate from a major university with a Masters Degree and only owes $25,000 in student loans – which he is currently repaying. My son applied for scholarships and worked to help defray costs so that he wouldn’t owe so much when he finished.

  6. Not surprised at all November 22, 2011 at 9:06 am #

    So the slackers who sat around the coffee houses and bars all through high school/college espousing their nonsensical world outlook want us to foot the bill four their four-year (probably more) party at the big-name liberal colleges. Well guess what, kiddies: your BS degree (and that stands for Bull S***, not Bachelor of Science) in (take your pick) women’s studies, art history, communications, urban planning, clinical psychology, or poli-sci is WORTHLESS. You are the deluded fools who thought you were so superior to all of the others who majored in REAL studies with a practical foundation. You are also fools for paying such outrageous tuition to listen to your uber-liberal professors who filled your head up with a bunch of leftist BS. Good luck to you, you’re going to need it!!

    By the way, if your “movement” ever stood a chance of succeeding in overthrowing the current system, just how long do you think it would take before you were deemed “unnecessary?” The work camps will await you while your elitist masters turn their backs on you. And so history prepares to repeat itself again….

  7. Occupy the Library: Learn from History Lest You Repeat It November 22, 2011 at 9:19 am #

    Bill Whittle says it well:


  8. daniel villamar November 22, 2011 at 10:17 am #

    Why we taxpayers should be paying to educate these clowns ? The first lesson they should learn is to be LOYAL to our country.

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