AFT On Campus
Occupy Sallie Mae!
They came for conversation; instead, they got arrested!
Hundreds of fired-up and fed-up undergraduates from all over the nation marched up a major Washington, D.C., thoroughfare on March 26, carrying a message: “Sallie Mae, You can’t hide. We can see your greedy side.”
They filled the street outside the D.C. offices of Sallie Mae, and 36 were arrested after occupying the front entrance to the building. They were asking for a meeting to discuss student debt forgiveness.
With student loan debt passing the $1 trillion mark in April, education debt is the next bubble, say the students. A major part of the problem is banks like Sallie Mae—the largest private lender, which made $2.7 billion in loans last year and has invested millions lobbying to secure loan terms that favor the private banks and ensure large profits at the expense of students and families.
Highlights from this Issue