Sep 17

Student Debt Decreasing! well, sort of

$3,856,866.11 – that’s by how much student debt recently decreased!   Rolling Jubilee just bought that much student debt (for pennies on the dollar), thereby eliminating debt of 2,761 people around the country! Rolling Jubilee had previously raised money to buy portfolios of medical debt on the secondary market and then declined to collect from …

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Sep 17

Income Inequality and Taxes in Massachusetts

A new study by Standard and Poor’s “suggests a more progressive income tax that requires wealthier individuals to pay higher tax rates could help states deal with revenue problems.”  As the rich have gotten richer, growth in tax revenue has slowed — hurting all of us.  Massachusetts is among the very few states with …

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Sep 09

Daily Collegian Covers PHENOM’s Student Debt Refi Rally

Check out this great article from the Massachusetts Daily Collegian at UMass Amherst covering the student debt crisis, Senator Warren’s Student Loan Debt Refinancing bill, and PHENOM’s rally in support of Senator Warren’s efforts last Friday. To learn more about Senator Warren’s efforts …

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Sep 08

PHENOM organizes rally on the student loan debt crisis and thanks Sen. Elizabeth Warren for Student Loan Debt Refinance Bill

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Last Friday, PHENOM organized a rally in Government Center, outside of Senator Elizabeth Warren’s Boston Office. The rally raised awareness of the student loan debt crisis and expressed thanks for Sen. Warren’s introduction of the Bank on Students Emergency Loan Refinancing Act. Sen. The bill will allow qualified student loan borrowers to refinance their student loans to …

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Sep 04

Friday Student Debt Rally – Speaker Announcement

Join PHENOM this Friday Sept 5th! Starting school … Ending Debt! JOIN US, this Friday, September 5th at 12PM. PHENOM will be in Government Center in Boston, demanding action on the student debt crisis and thanking Senator Elizabeth Warren for her efforts to cut student loan interest rates. Please help us spread the word and ask all …

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Aug 29

Starting School…Ending Debt: Rally in Boston September 5

Thank Sen. Elizabeth Warren for her efforts to cut student loan interest rates by signing PHENOM’s thank you card.  Almost a million Massachusetts residents owe more than $24,000,000,000 (that’s billion!) in student debt, much of it at high interest rates. Private banks and the federal government have been making a ton of money …

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Jul 08

Legislative Subcommittee Report on Student Loans and Debt

The Subcommittee, chaired by Rep. Paul Mark and Sen. Eileen Donoghue, held hearings around the state, at which numerous PHENOM members testified.  While we believe the recommendations in this report are not nearly ambitious enough, the report describes the crisis well and offers some interesting suggestions.  PHENOM hopes to release an independent economic analysis …

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Jul 02

FY 2015 Budget – Good but not Good Enough

We are very pleased that the 2014-15 budget includes an increase in state appropriations for all of the campuses in the Public Higher Education system for the third year in a row.  At UMass, the increase is enough to trigger another year of fee freezes for its five campuses and to reach the 50/50 goal …

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May 27

A Fiery End to Student Debt

A young artist in Chile recently took matters into his own hands and stole and burned up $500 million worth of tuition contracts from the for-profit Universidad del Mar.  This will make it extremely difficult to prove the students’ debt exists.  As explained in this article in the Guardian, this artistic action comes on …

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