Forgiveness of student loan debt has emerged as one of the most consistent demands of the Occupy Wall Street movement. Later today, New York-based protesters will announce a new campaign aimed at accomplishing this goal:
Under the campaign — which grew from the original Occupy Wall Street protest and is now known, inevitably, as Occupy Student Debt — borrowers will pledge to stop repaying their student loans once 1 million people vow to do so as well. The campaign is calling for several reforms of higher education, including free public colleges, no-interest loans, greater transparency at private and for-profit colleges and complete forgiveness of all existing student debt.
According to a press release put out by event organizers, professors at both City University of New York and New York University are involved in the campaign. The organization is called the Occupy Wall Street Empowerment and Education working group:
The campaign is an initiative of the Occupy Wall Street Empowerment and Education working group. Focusing on issues specific to the emerging crisis in student loan debt, the group is comprised of students, alumni, faculty, and concerned supporters from around the New York City area. Empowerment and Education also works in solidarity with the NYC All-Student Assembly and the various General Assemblies at area university campuses.
Watch Reason TV’s latest video arguing against forgiveness of student loans here.