U.S. College Students Launch March Over Mounting Student Loan Debt
The overwhelming amount of fees that it takes to attend college is reaching its breaking point with students across the country. The monthly payment(s) that a graduate must make remains a constant grey cloud over millions of young adults. But a few organizers are planning to have their voices heard collectively on Thursday (Nov. 12), Reuters reports.
Named "Million Student March," the organizers estimated that 110 colleges will participate in the protest to enact student loan debt reform. "Education should be free. The United States is the richest country in the world, yet students have to take on crippling debt in order to get a college education," part of their statement on their website reads. "The average college graduate of the Class of 2015 has over $35,000 in debt. More than 40 million Americans share a total of $1.2 trillion in student debt and 58 percent of that is held by the poorest 25 percent of Americans."
— Sociaist Alternative (@SocialistAltChi) November 12, 2015
Other points that they plan to tackle through their movement also includes free public college education and loan forgiveness. “Together, we can build an independent movement capable of winning tuition-free public college, a cancellation of all student debt, and a $15/hr minimum wage for all campus workers!” the organization writes. Upon Congress' approval of doubling the interest rate on college loans, students have been feeling the crunch when it comes to rising tuition values, and a lack of landing a job with a more-than-decent salary.
— Beà (@BeatriceAGenco) November 12, 2015
— The Amherst Wire (@AmherstWire) November 12, 2015
Student loan debt also remains a topic of discussion among presidential candidates, with a few referencing free public university education, and lower interest rates. During President Barack Obama's tenure, he launched a student loan forgiveness program, which allows you to consolidate all of your outstanding fess into one loan. From there, you can select a pay-back plan that's affordable to you.
No talks concerning complete loan forgiveness have been brought to the forefront as the student loan debt amount continues to soar into the trillions.