With the nation’s student loan debt approaching $1 trillion, the issue has also generated debate in Washington. The Obama administration announced plans Tuesday to expand a government program to help 1.2 million borrowers reduce their payments and consolidate their student debt. Republicans, including some presidential hopefuls, have demanded in recent days that government student aid programs be reduced or eliminated… It doesn’t take long before any conversation in the strikingly youthful crowd in Lower Manhattan turns to the loans many of the twentysomethings have racked up. It’s not a central theme, like corporate greed and unemployment, but rather a subtext to all the chanting and marching… “Lame, you’re lame. Stop complaining. Get a job.” Grant had been mostly silent the last few days, but this time he fired back: “That’s why we’re here, buddy. We can’t get jobs.”

Read full article [here].
by Geraldine Baum, The Los Angeles Times.

Posted: October 25th, 2011, by: admin. Categories: . Awaiting Comments.