Saturday, November 26, 2011

Refusing to Pay - Libby A. Nelson, Inside Higher Ed

For two months, the Occupy protests have focused attention on student loan debt. A group that started with the Occupy movement propose a solution: stop paying. 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. Most experts, even those who agree with the movement's aims, would describe these goals as unattainable. The theory behind the campaign is that if 1 million students refuse to pay, they would face minimal consequences due to safety in numbers