Student Loan Fury in the Occupy Movement

November 26, 2011 | | counterpunch |
Clearly then, many questions are left unanswered about the job/loan dialectic for de Jesus and platoons of other anthropology students across the country. And for us all. I asked a recent undergraduate anthropology class of 32 students and found that about 70% expected debts over $20,000. This included two students anticipating debts over $30,000 and one over $40,000. We do not have a good accounting of the total debt load within anthropology. We need it.
 
We must fight to release students and professors (how many are still in deep debt?) from this  burden. Tamara Draut, author of Strapped: Why America’s 20- and 30- Somethings Can’t Get Ahead (Draut 2006) asks, “How can the government justify charging students nearly 7 percent while it charges the banks nothing (Draut 2011)?”
 
Universities were once viewed as laboratories for free inquiry and debate. Today they are under siege from privatizers, ideologues, anxious college administrators.  . .and the banks.
 
It’s time to return universities to faculty. And it’s time to provide our youth with a fresh start in life, unburdened by debt peonage to Wall Street.