Home » From The Readers, Letters to the Editor » Fifth Year Anniversary of Student Debt Crisis

Fifth Year Anniversary of Student Debt Crisis

debt collectors 3Sedona AZ (January 30, 2014) – The following is a letter to the SedonaEye.com editor from Robert Applebaum, Co-Founder StudentDebtCrisis.org:

Five years ago today, I wrote an essay called “Forgive Student Loan Debt to Stimulate the Economy.” The message was simple, and clearly resonated with a great number of people: rather than tax cuts or more corporate welfare, why not try a new, bottom-up approach to stimulating the economy by forgiving student loan debt? I later worked with former Representative Hansen Clarke (D-MI) in crafting H.R. 4170, “The Student Loan Forgiveness Act of 2012.”

The petition I wrote in support of that legislation garnered over 1.2 million signatures. During the course of my advocacy on the issue of student debt, I met some incredible activists and organizers who were doing excellent work on the issue of student debt.

Wanting to expand the reach of my advocacy, I teamed up with Natalia Abrams, Kyle McCarthy and Aaron Calafato to form StudentDebtCrisis.org. Together, we at StudentDebtCrisis.org have continued to advocate for the 40+ million Americans who collectively owe more than $1.2 Trillion of student loan debt. We’ve spoken at conferences, appeared in countless media reports, worked with Rep. Karen Bass (D-CA) to reintroduce Hansen Clarke’s bill in the new Congress as H.R. 1330, “The Student Loan Fairness Act of 2013,” spearheaded the #OutWithStudentDebt video project, all while our Artistic Director, Aaron Calafato, tours the country with his one-man-show, FOR PROFIT.

In short, for the past 5 years, we’ve been committed to doing all that we can to help solve the nation’s ever-growing student debt crisis.

Last night, President Obama gave his State of the Union Address and touched on this topic when he said: We’re shaking up our system of higher education to give parents more information and colleges more incentives to offer better value, so that no middle-class kid is priced out of a college education. We’re offering millions the opportunity to cap their monthly student loan payments to 10 percent of their income, and I want to work with Congress to see how we can help even more Americans who feel trapped by student loan debt.’

While StudentDebtCrisis.org agrees on the fundamental principles laid out in the president’s speech, we believe that so much more needs to be done to address the existing $1.2 Trillion in outstanding student loan debt. Because of these debts, more than 40 million Americans are not buying houses or cars, starting businesses or families, or otherwise contributing to rebuilding the economy. As it is, 7 million Americans are in default on their student loans and, for them, there’s simply no relief in sight.

In light of yesterday’s State of the Union, the White House has announced a way for us to respond to the president by reviving the “Big Block of Cheese” day – a chance for the public to voice their opinions to the administration. As such, we’ve prepared these tweets for you send to your own followers.

Simply click the links below to “Ask the White House” about these very important issues and help spread the word about student debt:

#AskTheWH to expand #IBR and #PAYE to defaulted borrowers. cc:@debtcrisisorg

#HigherEdNotDebt #AskTheWH to provide relief for the 7 million defaulted #studentloan borrowers! cc: @debtcrisisorg

#HigherEdNotDebt #AskTheWH to pass comprehensive #studentloan reform. cc: @debtcrisisorg

#HigherEdNotDebt #AskTheWH to restore #bankruptcy protections to student loan borrowers. cc: @debtcrisisorg

#HigherEdNotDebt #AskTheWH to provide repayment options for private #studentloans. cc: @debtcrisisorg


#AskTheWH to investigate unscrupulous for-profit schools! cc: @debtcrisisorg


Thank you for your continued support! Now, let’s make some noise and make sure our message is heard!


Robert Applebaum, Co-Founder
For the best in Arizona news and views, read www.SedonaEye.com daily!

For the best in Arizona news and views, read www.SedonaEye.com daily!



  1. Adults don’t care about the next generation. They say things like I made it without help. No they didn’t. They had a booming economy with jobs.

  2. We wanted you to be the first to know: The movement has arrived!

    After nearly two years of planning and organizing, dozens organizations have come together to tackle the crippling and ever-growing issue of student loan debt in America. With over $1.2Trillion in outstanding educational debt, affecting more than 40 million Americans, StudentDebtCrisis.org has partnered around a simple message: Higher Ed, Not Debt!

    Sign up here to join the campaign! http://www.StudentDebtCrisis.org

    By adding your name, you’re not just signing up to receive a bunch of emails – that’s not what this campaign is all about. Rather, HigherEdNotDebt is about taking action and for that, we need all the help we can muster. There’s strength in numbers and we know that there are at least 40 million of you ready, willing and able to tackle this problem once and for all!

    This new, multi-year campaign is a joint effort by a variety of organizations including: Labor, Non-Profits, Progressive Think Tanks and Grassroots organizations. The campaign is centered around four core principles:

    • Providing support to borrowers currently paying off the existing $1.2 trillion of debt;
    • Addressing the causes of declining affordability and quality, including changes to state funding and financial aid policies;
    • Addressing the role of Wall Street and the growing financialization and privatization of higher education; and
    • Civic engagement.

    Thank you for your time and support! Now, please click here to join http://StudentDebtCrisis.org in supporting the Higher Ed Not Debt campaign!

    Like HigherEdNotDebt on Facebook

    Follow HigherEdNotDebt on Twitter

    Robert Applebaum

    P.S. – You can help spread the word right now by clicking the following links to automatically tweet out to your followers:

    Have you signed up for @HigherEdNotDebt yet? Join the movement now – http://www.higherednotdebt.org

    I just signed up to join @HigherEdNotDebt to demand our leaders tackle the student debt crisis now!
    Join the movement today – #HigherEdNotDebt Sign up here higherednotdebt.org

    $1.2 Trillion in #studentdebt is a clear & present danger to our economy! Join the movement @HigherEdNotDebt http://higherednotdebt.org

Leave a Reply

Copyright © 2008-2017 · Sedona Eye · All Rights Reserved · Posts · Comments · Facebook · Twitter ·