Fighting Student Loan Debt

July 8, 2009

By Angie Moreschi:

College students struggling with overwhelming debt from student loans are getting support from some major players.  Click here to watch the video and learn more below.

Reverend Jesse Jackson is using the power of his Rainbow Push Coalition to shine a light on the student loan debt problem. U-S Secretary of Education Arne Duncan was keynote speaker at his National Rainbow Push conference in Chicago.  CWN contributor Attorney Nicole Mayer was also a speaker.

Jackson and Duncan spoke about the need to make a college education affordable for all students.

Mayer represents minority students in a class action lawsuit against Sallie Mae. The suit alleges the student lending giant charges minority students higher interest rates on their student loans.

“Rainbow Push Coalition and Jesse Jackson have expressed support for the movement to end
redlining of student loans and that is targeting students with higher priced loans simply because of the color of their skin or the school they attend.  And Reverend Jackson with his civil right background really appreciates the implications of this kind of practice, so to have his support, knowledge and understanding is critical,” Mayer said.

Mayer also shared information about student loan redlining with NAACP President Ben Jealous and from Illinois, Senator Danny Davis.

Watch the video above to learn more and click here to read more about Student Loan Redlining.