Students Protest Debt as Student Loan Debt Collectors Make a
Billion

36 students arrested at headquarters of student loan provider
Sallie Mae

Common Dreams
March 26, 2012

http://www.commondreams.org/headline/2012/03/26-5

Dozens of students were arrested this afternoon at the Sallie
Mae headquarters demanding forgiveness of student loans.  The
protest comes after recent reports show $1 trillion in
student debt burdening borrowers.

The high amount of debt is good news for debt collectors,
however. A Bloomberg report shows that debt collectors made
nearly $1 billion in commissions from aggressivley pursued
student loan collection efforts.

"Student-loan debt collectors have power that would make a
mobster envious," said Harvard Law Professor Elizabeth
Warren.

* * *

NewsiT: Students arrested at Sallie Mae during college loan
protest

About three dozen student activists were arrested Monday
during a protest outside the Washington headquarters of
student loan provider Sallie Mae, according to participants.

The demonstration was part of an annual legislative
conference by the U.S. Students Association, which ended
Monday with a "Lobby Day." That event usually consists of a
march to Capitol Hill and meetings with congressional
representatives, but because of the outcry over student loans
and the challenges of student debt, the protest at Sallie Mae
was added to the schedule.
 

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