A non-profit organization dedicated to the eradication of all student loan debt through activism, education, and legislation; because student loan debt is dangerous to the US economy and to the health and well-being of individual Americans and their families. CRYN JOHANNSEN, Founder & Executive Director
Thursday, February 10, 2011
Ask Sec. Duncan Why The Dept. of Education Isn't Doing More To Help
Sec. Duncan has agreed to answer questions on February 26th at the National Youth Summit in D.C. Please submit your questions to Sec. Duncan ASAP. Ask him why the Department of Education isn't doing more to help the indentured educated class.
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Because they don't care about students??
He was asked about the student loan scam situation on the recent CNBC special and his response was that he didn't think there was a student loan crisis and the Dept. of Ed. wanted to find ways to allow students to afford college. The man and his boss seriously do not get it. When pressed by CNBC, he had a deer in the headlights expression on his face. It's depressing to think that the dems held congress for Obama's first two years, and still no meaningful consumer protections were put in place for current student loan debtors. No the House is controlled by the GOP party of "its all the debtor's fault."
In other news, Stanford law school is increasing its tuition by 5% so that the total cost for one year, including cost of living, will be just shy of $72,000 per year. Who on gods green earth would plunk down $216,000 (as principal on a loan) for any degree, whether its from a toilet school or ivy or equivalent thereto? The school's board said it felt its educational product was undervalued since other law schools were priced higher and that they need to keep pace with other institutions. It seems that they do not factor in the great possibility that most of the grads will have extreme difficulty paying those loans back into their tuition increase decisions. The story can be found on Above the Law. I wonder what Arnie Duncan would think about pure greed influencing over-inflated tuitions?
The old way was to bribe politicians. Today lobbyists just threaten to lay people off or move business to another district, another state, or out of the country.
Maybe the old way was better, since so many elected leaders are already wealthy and might not be bribed as easily as years ago.
@Anonymous 1:15 AM - I remember that look Arne Duncan gave when pressed about the student lending crisis. He must get that look in his eyes when we send him email after email after email. You'd think he might be getting a hint! But apparently not. Oh, well, that's why we're here. We'll keep reminding him over and over and over again about the problem.
We really need to get people to respond to this and vote!
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