Monday, October 17th, 2011

Occupy Wall Street Protesters Say They’re Drowning in Student Loans

Expensive Education

The student loan situation in the US is bleak at best.

Among the list of complaints brought to the table by the Occupy Wall Street Protesters, student loan debt is right near the top.

The group has been grabbing attention and headlines for their protests against social and economic inequality and corporate greed. One of their proposed demands is “free college tuition” and “immediate across the board forgiveness” of student debt.

One of the protesters, Angelina Lesniewski, graduated in May with an English degree. She now joins many more graduates in her generation with no job in her field, and $28,000 in student debt to show for her efforts.

“I could have gotten a degree in something practical like psychology, which I find very interesting but I would have been miserable,” said Lesniewski.

The student loan situation in the US is bleak at best. In 2010, student loan debt exceeded credit card debt for the first time in the history of their economy. According to FinAid.org, the average American graduate is facing USD 27,204 in student debt, while the country is expected to exceed over one trillion dollars worth of student debt in a matter of months.

Canada’s total student loan debt is estimated somewhere around 14-billion dollars.

Ryan Leclaire
Author: Ryan Leclaire
Ryan has been writing for 7 years and has been featured in Chatelaine, Canadian Living and Cottage life.
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