student loan

READER’S EDITORIAL: THE COMING STUDENT LOAN FREIGHT TRAIN

By Jake Christie

February 20, 2013 (San Diego’s East County)--I could’ve called it a “bomb” or a “fiasco”, but I prefer to call the mess that is the American private and public student loan system a “freight train” because the light at the end of the tunnel is an oncoming high-speed double diesel pulling 25 cars full of heavy loads.  The numbers surrounding the student loan mess are horrifying; the total student loan debt out is one trillion dollars, which is the entire US government budget in a year. Of that amount, $76 billion is in default, though Allan College of StudentLoanJustice.org put out a press release* doubting that figure because even defaulted loans have interest piled on top of them.

MEASURE TO GIVE STUDENTS MORE CONSUMER INFORMATION ABOUT PRIVATE PROPRIETARY COLLEGES, UNIVERSITIES HEADS TO GOVERNOR

September 4, 2012 (Sacramento)—A bill to provide students with more accurate consumer information about private, for-profit postsecondary schools was approved by the Assembly and will head to the Governor for his consideration.

AB 2996 by Assemblymember Marty Block (AD-78) would alert students at these institutions which are regulated by the Bureau for Private Postsecondary Education of: