Chelsea Green Publishing

Chelsea Green Blog

Studen Loan Debt, Not Loan Rates, Is the Bigger Issue

As politicians stumble over themselves to agree on a legislative no-brainer — keeping student loan rates low — they are missing a bigger issue for many students and recent graduates: Student loan debt.

In a compelling new opinion piece posted on CNN.com, DIY U author Anya Kamenetz (Chelsea Green, 2010) argues that politicians should be focusing on debt forgiveness, not just keeping loan rates low.

She notes:

Some recent polls have shown that support for Obama among young voters, once Obama’s enthusiastic fans, may be waning in this election compared with four years ago. Student loans are seen by some as the president’s chosen key to regaining their hearts. But really, the issue has been raised for him by the Occupy movement, gearing up this May 1 with a new set of actions focusing on the cost of college and the depredations of the student loan industry.

Additionally, almost 700,000 people have signed a petition sponsored by MoveOn.org for student loan forgiveness, started by lawyer and student-loan debtor Robert Applebaum. And the Student Loan Forgiveness Act of 2012, introduced by U.S. Rep. Hansen Clarke, D-Michigan, last month, is aimed at offering relief.

What’s at stake here is the basic equation of the American dream: Hard work plus merit equals opportunity. As usually happens, hard times have led to cuts in support to public education and attendant tuition hikes. Young people are graduating into a dismal job market with an average of more than $25,000 in debt. Loan default rates were up sharply last year, and many graduates are questioning the value of their education. In eight years of covering and advocating for student debtors, I’ve never seen such a level of public outcry.

In lieu of this renewed, election year interest in young folks (ahem) we here at Chelsea Green are offering a free download of a particularly salient chapter from Kamenetz’s 2010 book that leads off with – ironically enough – candidate Barack Obama at a Hofstra University forum on the rising cost of higher education.

Kamenetz then walks readers through just how this generation of students is facing some of the most crushing debtloads in order to attend post-secondary institutions. She also expertly lays out a three-part plan to reduce the overall cost of higher ed in the United States, including a call to restore free college tuition. Colleges didn’t always cost so much, and there are even some out there today where students graduate debt-free. What a concept.

Chapter 3 – Economics, An Excerpt from DIY U: Edupunks, Edupreneurs, and the Coming Transformation of Highe…


Happy Holidays from Chelsea Green Publishing!

Today we kick off our Holiday Sale — with 35% off every purchase at our online bookstore. Simply use the code CGS16 at checkout from now until the end of the year. Along with this great discount, we are offering free shipping on any order over $100*. Are there homesteaders or organic gardeners on your […] Read More

You won’t have a revolution if you don’t ask for one. So, what are you waiting for?

Get ready for the era of Big Organizing. In Rules for Revolutionaries, authors Becky Bond and Zack Exley lay out the 22 Rules the fueled the Bernie Sanders campaign and which provide a way forward for activists looking for ways to move forward post-Election Day. This model, which the authors call “Big Organizing” is the […] Read More

Author Nicolette Hahn Niman to Speak at Nobel Dialogue on the Future of Food

What does a former environmental lawyer and vegetarian turned cattle rancher have in common with Bob Dylan? They’ll both be — theoretically — in Stockholm in December during the Nobel Prize ceremonies. That’s right – Chelsea Green author Nicolette Hahn Niman will be one of several global opinion leaders and experts taking part in this […] Read More

We Got Trump-ed. Now What?

As the country braces for a Trump presidency, this post-election playbook points the way forward. “We can win — but only if we continue to develop the kinds of tactics, tools, and vision laid out in this vitally important book, perhaps the first to explore how to organize at the true scale of the crises […] Read More

“Rules for Revolutionaries” Offers New Political Playbook for Activists

A riveting behind-the-scenes look at the “rules” used by the “revolutionaries” who helped harness the volunteer power that fueled Bernie Sanders’ historic, and insurgent, presidential campaign. Authors Becky Bond and Zack Exley led the Sanders campaign’s efforts to recruit and engage volunteers at an unprecedented level, which was crucial to the Vermont senator capturing 46 […] Read More
Follow us
Get every new post delivered to your inbox
Join millions of other followers
Powered By WPFruits.com