Campus Progress

Five Things College Students Should Worry About Next Fall

It’s the time of year for high school seniors to prep for entering the real world. For many, it means wrapping up classes, choosing a college, and getting ready to go off to school in the fall.

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Mark Zuckerberg Supporting Dirty Energy? Why Facebook Desperately Needs a ‘Dislike’ Button

Facebook head Mark Zuckerberg is facing a wave of backlash thanks to recent moves by his new advocacy group. 

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WATCH Elizabeth Warren: Students Should Get ‘Same Deal’ On Interest Rates As Big Banks

Sen. Elizabeth Warren introduced her first bill in the Senate today, the Bank on Students Loan Fairness Act, which would prevent Stafford loan interest rates from doubling this summer by dropping rates for one year from 3.4 percent to 0.75 percent, the rate at which the government loans money to big banks through the Federal Reserve discount window. If Congress fails to act by July 1 this year, interest rates on Stafford loans reserved for undergraduates will double from 3.4 percent to 6.8 percent.

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The Economy is "Recovering" By Creating More Low-Wage Jobs... Increasingly Filled By Graduates

Last month, the Department of Labor released new job market numbers, which suggests that the economic recovery is perpetuating the trend of college graduates turning to minimum wage jobs. Though there has been significant employment gains, many recent college graduates have been forced to resort to low-wage, low-skilled jobs. There are now 13.4 million college graduates working for hourly pay, up 19 percent since the start of the recession.

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How Student Loans Are Keeping You Out Of The Middle Class

When Vernardo and Claire Simmons-Valenzuela married, they imagined all the trappings of a middle-class life. Soon enough, they had kids. Claire finished a master's degree. They held jobs as an Army medic and a physician's assistant. They dreamed of next steps: owning a home, taking their first vacation in years. Vernardo would return to school for a bachelor’s in nursing. But when payments for the couple's $187,000 in combined student loan debt came due, most of it accrued during Claire’s graduate education, they put those dreams on hold.

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Without Financial Aid: Making the Choice Between Food or School

Thirteen years ago, Rachel Baltazar graduated high school with every intention to go to college. But in those last years of high school, her mom was diagnosed with cancer while she faced domestic violence, herself.

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How Student Loan Debt is Treated Differently Than Other Debt

Current law treats student loans as non-dischargeable debt. In other words, no matter how broke a borrower gets, even declaring bankruptcy isn't going to get you out of paying back your student loans. 

That's why earlier this month, Rep. Steve Cohen (D-Tenn.) and Rep. Danny Davis (D-Ill.) re-introduced H.R. 532. This bill is a counterpart to legislation introduced in the Senate in January that would allow borrowers of private student loans to discharge them in bankruptcy.

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Nicholas Kristof is Wrong About Poverty; Education Isn’t a Turnkey Solution

Hey, you! The college graduate working two restaurant jobs to make rent and pay off six figures of student loan debt—yes, you! Award-winning columnist Nicholas Kristof has an idea for how you can improve your economic circumstances: Get an education!

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Millennial Voters Refuse To Be Left Out of this Election

The Millennial generation is the largest, most diverse, and most progressive in American history. In 2008, this generation of played a key role in deciding who would be the next president through support at the polls and mobilizing other voters to build support.  This year, at 46 million strong, not only are Millennials now a full quarter of the voting-age American public, but they also surpass the 39-million-strong bloc of voters older than age 65.

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A Guide to Resisting Debt -- For Students and the Rest of Us

If you want a print copy of Occupy Wall Street offshoot Strike Debt’s first publication, you’ll have to wait. The 5,000 first-run copies of the Debt Resistors' Operations Manual vanished into backpacks, purses, jacket pockets, and tote bags over Occupy Wall Street’s anniversary weekend, and until a second printing, the Occupy guide to debt in America can only be acquired online.

The guide has 122 pages of information about the vagaries of debt. Consider it a manual to the surprisingly secretive world of financial trouble, where more and more Americans—and especially students—are disoriented and lost. 

Nearly 20 percent of American households have student loan debt; last year, student loan debt outpaced credit card debt for the first time in American history. Graduates who find themselves with incredible financial burdens and few job opportunities face isolation and uncertainty. Though burgeoning student debt played a key role in its inception, the book takes a broader approach, castigating the current economic system for forcing poor and middle-class people to increasingly rely on debt to finance daily necessities.

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