For the Student Loan Bubble and other Chapters… by Deirdre Fulton, Staff Writer

However, the call for student debt forgiveness stretches far beyond those who have fallen prey to for-profit education schemes.

As Campaign for America’s Future co-founder Roger Hickey notes in a blog post Monday, a coalition of groups just last week delivered a petition to Congress and President Barack Obama calling for the cancellation of all student debt.

“Americans now owe $1.3 trillion in student debt,” reads the petition, circulated by groups including Working Families, RH Reality Check, Roots Action, and Student Debt Crisis. “Eighty-six percent of that money is owed to the United States government. This is a crushing burden for more than 40 million Americans and their families.”

Posted in The Student Loan Travesty and the Obscene Cost of Higher Education

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