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In the annual State of the Union Address, President Obama proposed measures to bring relief to almost 8 million students who will see their student loan interest rates double on new loans starting July 1st, 2012.
2012 has already brought a tremendous victory for students and families.
Today the President appointed Richard Cordray as the director of the new Consumer Financial Protection Bureau (CFPB). The CFPB will rein in the bad business practices of banks, lenders, and credit card companies.
Thanks for being part of PennPIRG and making 2011 such a success.Big News.
Today Facebook settled a privacy complaint with the Federal Trade Commission. The FTC says Facebook "deceived consumers by telling them they could keep their information on Facebook private, and then repeatedly allowing it to be shared and made public." Read the FTC's full statement here.
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Campaign Updates
President Obam has announced a series of initiatives that will reduce the burden of student loan debt that millions experience after graduation.
The Obama administration has announced an effort to better educate students about Income Based Repayment and has proposed a gap measure to accelerate the start of the 10% discretionary income cap for some student loan borrowers in 2012. This benefit would be available for those who have borrowed a federal student loan since 2008 and have another loan starting in 2012.
It's been 8 years since we launched a campaign to make textbooks more affordable. I’m impressed by the progress we’ve made, but there’s still much work to be done.
It’s buying season though, so before I give the rundown on the campaign, check out the NYT’s Guide to Finding Cheap Textbooks.
In the last 90 days 29,000 Somali children under the age of 5 have died –and if we don’t do something now, the death toll will grow by tens of thousands more.
The UN has officially declared a famine for the first time in nearly 30 years. The Eastern Horn of Africa is experiencing a major food crisis which threatens the lives of more than 12 million families and children.
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Student leaders educate the campus about income inequality during National Hunger and Homelessness Awareness Week. -
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We collect petition signatures - lots of them! -
Hunger and Homelessness intern Roua Aboukhadijeh collecting interview footage on campus for a short film on poverty. -
Students campaign for High Speed Rail. -
Fast Trains ARE Cool. -
Students volunteer at a local garden for the National Hunger Cleanup. -
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Volunteers wear the textbook mascot costumes to educate students about affordable textbook alternatives. -
Students posing with the textbook Rebellion books, We Want Cheaper TEXTBOOKS!! -
Textbook Rebel and Mr. $200 drew attention to outrageous textbook prices. -
Six media outlets covered a stop on the Textbooks Rebellion tour to promote affordable alternatives to outrageously expensive textbooks.
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