Thread: STUDENT LOAN JUSTICE - RESTORING CONSUMER PROTECTIONS

"Alan Collinge (StudentLoanJustice.org)" <justice@studentloanjustice.org> Add to Address BookAdd to Address Book Add Mobile Alert

Subject: **private September 21st
Date: Sun, 21 Sep 2008 15:29:37 -0700
Hey guys,

[quote]It's been a crazy week, as you all know. Interestingly, the US Government has chosen to bail out the banks involved in making bads home loans. The next loan bubble to burst will likely be the student loan bubble. It has been reported that defaults for student loans are spiking as we speak. Now more than ever, Congress needs to restore standard consumer protections for student loans. These are certainly tough times, but we have come a long way, and have got to stick together if we are going to get anywhere. Take heart in the fact that at least the public is now very wary of trusting the opinions of the banks, who have proven to be highly irresponsible. There is an opportunity here for us to get real justice, but we all have to pitch in. So please support the PAC, call reporters, and do whatever else you can think of that will make a positive difference.

I am pasting a chapter from my book below to give you all some inspiration. I hope you enjoy it.

Also, one of our members, JB, made a a student loan video that uses the songe done by Matt Kresling. The link is at http://www.youtube.com/watch?v=p9D-QxJNGnM (Watch this)

Matt's song got like 200,000 hits, so I hope the same happens for this piece.

So hang in there, ok? Lets make it a point to seek out 3-4 other people to come to the studentloanjustice.org site.

Regards,

Alan



Chapter Seven: The Grassroots Awaken

Grassroots activities by student loan borrowers have begun to emerge since the amendments to the Higher Education Act in 1998. In the context of this book, “grassrootsâ€

I HAVE HEARD SOME TERRIBLE STORIES ABOUT STUDENT LOANS. I HEAR SOME STUDENTS ARE IN DEBT TEN OF THOUSANDS OF DOLLARS. AND THE REASON IS INTEREST THAT KEEPS ACCRUING. IT CANT BE DISCHARGED IN BANKRUPTCY EITHER. THAT IS TERRIBLE THAT A STUDENT WOULD START OUT IN SO MUCH DEBT. LENDERS SHOULD BE ASHAMED. AND THEN SOMETIMES AFTER THE STUDENT GOES TO SCHOOL, THEIR INDUSTRY BECOMES INVADED BY FOREIGNERS WITH WORK VISAS.....OR ILLEGALS. SOMETHING MUST BE DONE TO CHANGE THIS.

NEW WORLD ORDER IS IN CONTROL OF THE EDUCATION; TO ROB EVERY AMERICANS.