Three years ago, while OCCUPY was taken over by people trying to solve the homeless problem, I went to the University of Oregon and tackled the Student Loan Crisis. The VA is back-logged due to a lack of Doctors. Write your Congressman and Senator and demand all offshore banking be applied to helping young people who want to go to Medical School. End unfair tax cuts for the rich. Come to the aid of our Veterans!
Jon Presco
Obama said during his weekly address on Saturday that he would take matters into his own hands to help student borrowers, as Congress decides whether it will take action on a proposed bill to allow for refinancing of student loans.
“This is commencement season, a time for graduates and their families to celebrate one of the greatest achievements of a young person’s life,” Obama said. “But for many graduates, it also means feeling trapped by a whole lot of student debt. And we’ve got to do more to lift that burden.”
Anne Johnson – executive director of Generation Progress, the youth division of the Center for American Progress – says Obama’s plans to expand the repayment program and support the refinancing bill are exciting developments.
“There are so many loans right now that are held by 40 million people in the United States … and many of those loans are locked in interest rates that are well above the market rate,” Johnson says. “They’re both really important actions that need to be taken to help existing borrowers, and we’re thrilled the president is taking action today.”
More than 7 in 10 college seniors in 2012 graduated with some amount of student loan debt, which was $29,400 on average. Nationwide, outstanding student loan debt totals to more than $1.2 trillion, surpassing credit card or auto loan debt.
Rosamond Press 
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