[2ndDivisionVet]

So they're both deadbeats and cowards? Is that what I'm reading?

[MindBender26]

Hell, Obama has already all but excused these loans.

[cripplecreek]

I don’t want to pay my bills either.

If anybody needs me I’ll be holding my breath and pouting.

[ronnie raygun]

It’s all in the plan thier being fed. Overwhelm the system into collapse. This will be one more nail

[ConjunctionJunction]

"Since the first days of the Occupy movement, the agony of student debt has been a constant refrain," New York University professor Andrew Ross ...

Any bets on what this professor's salary is? And whether or not it has gone up during this economic downturn? We all know, don't we.

[MrEdd]

Society's plan: Garnish wages.

[Lorianne]

one of the protesters

“They don’t have a lot of cuts and stuff for everybody.”
http://www.youtube.com/watch?v=06-LschF82o&feature=player_embedded

[Jonty30]

This is a plan I can actually support. It would kill the student loan program completely and students would be expected to pay their own way, 100%.

[Izzy Dunne]

A faculty pledge of support for the "refusers."

I'm not in college admin, but if somebody works for me, and advocates that my customers refuse to pay their bills, he wouldn't work for me much longer.

[MarkL]

"We’ve heard the harrowing personal testimony about the suffering and humiliation of people who believe their debts will be unpayable in their lifetime."

Maybe that's because they took out loans for tens or even hundreds of thousands of dollars to get a degree with no job prospects, other than teaching the courses required for the degree (I have news for you... They've got all the teachers they need for those degree classes!) or a career that only pays $25,000 a year...

They need to sue their guidance counselors, college advisers, and themselves for their stupid decisions!

I'll say this... Go ahead and decide not to pay your student debt... At least in the old days, that was one of the debts that isn't cleared by bankruptcy. The government WILL go after you for outstanding student loans!

Mark

[Tzimisce]

Another day in Obamaland. :(

[Yardstick]

However, the professors and OWS organizers have neglected to identify the actual cause of rising tuition costs, but instead demonize private universities

I'm not even sure I've seen them blame the private universtities. I've only seen them blame the lenders.

[Yardstick]

The OWSers are also demanding that student loans be interest free. Which is interesting since Sharia law forbids the charging of interest. It’s another one of those funny commonalities that you see between Islam and the Left. In this case they both want to impose their cosmic moral feelings onto the financial realm.

[ken21]

their beef should be with the universities that have raised the costs of college beyond the worth.

1. leftist controlled faculties.
2. tenure for life for duds.
3. over-paid faculty.
4. most universities in the’90s reduced teaching loads by 1/3.
5. non-essential programs and staff.

[DustyMoment]

Occupy Wall Street's Latest Plan: Refuse to Repay Student Loan Debt

YEAH!! That'll teach us!!

I've kinda been waiting for this. They don't seem to understand that THEY applied for the loans to go to school, THEY got the education and THEY incurred the debt!!

And these people blame the "1%" for the problems of this coutry!!??? They slept (or were stoned) through too many of the classes that the rest of us paid for!!

PAY YOUR D@MN BILLS, YOU LAZY WHINERS, AND GET A JOB (AFTER you get a bath and clean clothes)!!!!!

[Michael Barnes]

heh-heh....Good luck with that kiddies. First, "they" will apply forbearance against you BUT the interest keeps ticking away. After that allotted time has run out, the lender will turn over the loan to the department of education. They will turn it over to Treasury, you will be garnished. Every job (if you ever get off your ass and get one) you ever work that pay check will have a Treasury Dept. payment already made out for you (cool, huh?!) plus the loss of any sort of other government sponsored/backed borrowing ever again (which will be a good thing for us tax payers in the long run), FHA loans kids???

While defaulting isn't the end of the world for these kids, the Government WILL get their money back. The kids should be protesting or suing their "higher learning" institutions for selling bullshit degrees.
End of the day however, they are now financial slaves by their own doing. I wonder when passports will be voided if "Student Loans" are not "current"?

[Marathoner]

Well hell’s bells, I should just “default” on my mortgage as well. And especially on all the taxes I pay that provide the freebies all these yahoos want.

[TarponTom]

Go Ahead and not pay on the student loans.

First they will be turned over to a debt collector. Debt collector tacks on upwards to 20% for recovery fees. Debt collector then will put a federal wage garnishment on their income to the tune of 15%. The IRS will garnish any and all tax return monies. Even Social Security will garnish 10% of payments.

Even if they are not employed the cock keeps ticking. The interest on these loans just keeps on cranking.

No one escape paying on the loans.

[familyop]

Good. Starve the B. Big government cannot stay big with a worthless currency and little manufacturing to generate sustainable revenues.

[Georgia Girl 2]

Great advice to 20 somethings whose only credit history is probably their student loan. Quit making the payments and let your credit score go down to about 520. Then when you get one of those good jobs with your college degree and try to buy a new car or a home etc. you will be SOL in the USSA.

[wideawake]

This is great. If it works, there will be an indelible and permanent list of deadbeats that employers can use to screen out undesirables. A list that banks can use for mot gage screenings, a list that credit card companies can refer to as well. It will force more selective lending for student loans, will increase support for defederalizing those loans, make the tuition market more competitive and put thousands of terrible professors out of work. It will create a financial incentive for more engineering and hard science majors and fewer cultural studies unemployables.

It will also make the public despise the OWS even more than it does now and undermine their nonsense further. These guys are the stupidest revolutionaries ever.