President Obama announced a major student loan relief plan that will allow students to consolidate loans, pay back a smaller fraction based on income, and have loans forgiven earlier. Matthew Segal, president of OURTIME.org, supports the plan but believes more must be done to address rising college costs. OURTIME.org advocates for issues important to young Americans like student debt and opposes special treatment of banks on college campuses.
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President Obama Announcing Major Student Loan Relief Plan; Youth Expert & Activist Matthew Segal, President of OURTIME.org, Available for Comment
President Obama announced a major student loan relief plan that will allow students to consolidate loans, pay back a smaller fraction based on income, and have loans forgiven earlier. Matthew Segal, president of OURTIME.org, supports the plan but believes more must be done to address rising college costs. OURTIME.org advocates for issues important to young Americans like student debt and opposes special treatment of banks on college campuses.
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President Obama announced a major student loan relief plan that will allow students to consolidate loans, pay back a smaller fraction based on income, and have loans forgiven earlier. Matthew Segal, president of OURTIME.org, supports the plan but believes more must be done to address rising college costs. OURTIME.org advocates for issues important to young Americans like student debt and opposes special treatment of banks on college campuses.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
President Obama Announces Major Student Loan Relief Plan Today; Youth Expert, Activist and President of OURTIME.org, Matthew Segal, Available for Comment Organi:ation for Americans Under 30 Discusses Impact of Executive Order on Millions of Student Borrowers, Believes Student Loan Debt is a Primary Reason for Occupy Wall Street Protests
ASHINGTON, D.C. President Obama plans to use his executive authority to help ease the burden oI student loan debt with a series oI initiatives he will announce today at the University oI Colorado in Denver. The plans will allow some students to consolidate their loans into one government loan, pay a smaller Iraction based on their income, and have loans Iorgiven earlier.
OUR TIME.org a national, non-proIit organization standing up Ior Americans under 30 is available Ior comment on the political implications oI the executive order, its impact on millions oI student borrowers, and its intersection with the populist sentiment Iueling the Occupy Wall Street and Occupy College movements.
'The President`s decision to expedite the cap reduction in income-based student loan repayment is an imperative step in the right direction, given the near one trillion dollars oI student loan debt our generations possesses, says Matthew Segal, co-Iounder and President oI OURTIME.org. 'Perhaps iI Congress was not in paralysis, we could also begin measures to address why higher education is so expensive in the Iirst place, greatly outpacing the cost oI living.
Yesterday, Segal oIIered insight and analysis regarding his generation`s struggles with student loan debt and their participation in Occupy Wall Street on MSNBC`s The Dylan Ratigan Show.
OURTIME.org and a group oI public policy students Irom StanIord University recently launched a national petition to end special treatment Ior banks on college campuses. The 'Stop the Brain Drain petition demands colleges and universities immediately cease the practice oI allowing Wall Street recruiters preIerred access to students in exchange Ior Iinancial contributions to career centers.
Over the past Iew months, OURTIME.org has been outspoken on young Americans` issues, polling its members on their support oI the 'BuIIett Rule, supporting the boycott oI political contributions with Starbucks CEO Howard Schultz`s Upward Spiral Campaign, and launching a petition in August entitled 'Vacation`s Over! calling on Congress to 'CANCEL their vacation, head back to Washington, and get to work on behalI oI their constituents.
``Media interested in booking Matthew Segal should contact Amy Steele at 208-301- 0846 or via email at amylunamediagroup.com. ``
OURTIME.org is a national organi:ation founded and run by young Americans, leveraging pop culture, business partnerships, and online organi:ing to drive civic engagement through economic empowerment. To follow OURTIME.org on Facebook go to. http.//www.facebook.com/OurTimeOrg. Or to follow OURTIME.org on Twitter, go to. www.Twitter.com/OurTimeOrg.