Thursday, October 13, 2011

Occupy Wall Street Demands Student Debt Bailouts

So says Scott Cohn for CNBC.com here:


One proposed list of demands for the Occupy Wall Street movement includes "free college tuition" and "immediate across the board forgiveness" of student debt. While neither demand may be very realistic, the student debt problem is very real.

According to FinAid.org, which carries a "student debt clock" on its website, outstanding student debt is on pace to top $1 trillion in a matter of months. Student debt surpassed credit card debt in 2010, and has not looked back. The average 2011 college graduate had $27,204 in student debt, according to the organization.

The price of worship at the altar of the god, Education. Its high priests rob the easy.