On July 1st, student loan rates will double. Many young already are debt slaves due to crushing loan burdens which cannot be discharged by bankruptcy. The banksters make billions off this at zero risk, since the loans are guaranteed by the government – just another example of the noxious, cozy cronyism between DC and the big banks. Banksters profit. Most everyone else gets screwed.
On July 1st, student loan rates are set to double, which spells dire consequences for our nation’s future. But it’s not just students, or even young adults who suffer from this debt crisis, but the economy as a whole! Find out how this impacts everyone and what you can do: