certainly not now
of college seniors graduating from public and private nonprofit colleges and universities did so with student loan debt.estimated 5.5 million borrowers were in default on their federal student loans, 3.
6 million had loans in deferment, and another 2.8 million had loans in forbearance, which grants borrowers a temporary postponement. Some borrowers have been unable to pay because doing so would present a financial hardship that would prohibit them from meeting basic living expenses. Many young people are delaying some of the traditional rites of passage into adulthood, such as buying a home, getting married or having children, and experiencing increased feelings of stress, shame, and anxiety.On February 7, Debt Collective will launch a nationwide student debt strike on the University of California at Los Angeles campus, calling on student debtors to formalize their deferrals into a strike against student loans. The event will highlight how some people currently paying off their student loans may eventually need to stop because of the financial hardship caused by repayments, and invite those without student loans, including high school students, to join in solidarity with the strikers.Teen VogueSandy Nurse, student debt striker and candidate for New York City Council: "It is an insane amount of debt that people are in, and it's not like they're in it because they're out there buying hot-rod cars.... They're just trying to learn how to advance in society...[and] to have some opportunity to do better. And people are going into debt for that, and...they're shackled by it."I struggle between making just a bit over the line where I can't receive nonsubsidized health care. So for me, if I wanted to pay my student debt, you know, I can't pay for health care. And I live in New York City... I'm paying rent, and I'm paying low rent...but the cost of living here is out of control. "We’re going into debt to learn how the world works, and then when we come out of that process, we’re like, 'Wow there’s so much need. What can we do?' [But] we don’t make enough money, and we’re struggling... And I think relieving everybody from student debt would be a sure way to jump-start people's livelihoods right now." Hannah Appel, associate faculty director, the Institute of Inequality and Democracy at UCLA, cofounder, Debt Collective: "When we started, people laughed at us.... People called us naive, they called us stupid.... Much the way people are
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