evicted but no matter how much she loses she's obligated to keep paying back her private loan to sallie mae america's largest private lender it took out forty thousand dollars in loans i'm already owing sixty five thousand and eight she just graduated a couple of months ago twenty five thousand dollars in interest came out of nowhere unlike federal loans private loans can adjust interest rates as high as lenders want and don't offer consumer protection income based repayment is not an option with any private loans neither is deferment for the unemployed for example right now i'm desperately looking for work and sallie mae wants payments they want me to pay about seven hundred dollars a month greg is one of millions of americans and haunted by student again but very few have any other option coalition costs have risen six hundred percent since one nine hundred eighty and most of the top ivy league colleges it's cost fifty thousand dollars per year steph curry is pioneering occupy student debt a movement calling for u.s. congress to reinstate consumer protections that would keep private lende

discharged in bankruptcy there is legislations take this very day in two thousand and five that sallie mae lobby for spending millions from millions on lobbyist student debt in the u.s. is nearing one trillion dollars already even for the police are causing the nation's credit card debt and today a generation of americans find themselves in slieve to banks and armed with a diploma that no longer guarantees a job or enough or not artsy me. were over the last couple of months police in the us have been on the phone for using extensive force against the occupy movements under they just a picture from the bottom massive rally in new york was no exception so back to the city at the border of thoughts instructors silence the protesters voices the more powerful those voices become. the reality those there are in the movement are diverse as as we've ever seen it before and they represent a larger scope but there is a political agenda to fight back against this growing and growing movement and the issue is the more that that political agenda is advanced the more that they try to quiet the movement

neither is to firm and for the unemployed for example right now and desperately looking for work and sallie mae months payments they want me to pay about seven hundred dollars a month greg is one of millions of americans channeled and haunted by student debt but very few have any other option to issue costs have risen six hundred percent since one nine hundred eighty and most of the top ivy league colleges cost fifty thousand dollars per year steph curry is pioneering occupy student debt a movement calling for u.s. congress to reinstate consumer protection. that would keep private lenders from pushing millions of americans into default. after default after the fall and once you default that's a black mark on your credit report for life the customers cannot be discharged in bankruptcy there was legislations taken straight away in two thousand and five. millions from millions on lobbyist student debt in the u.s. is nearing one trillion dollars already even for the least costly the nation's credit card debt and today a generation of americans find themselves in sleeves to banks and armed with a di

discharged in bankruptcy there is legislations take this right away in two thousand and five the sallie mae lobby for spending millions upon millions on lobbyist student debt in the u.s. is nearing one trillion dollars already even for the police and causing the nation's credit card debt and today a generation of americans find themselves in sleeves to banks and armed with a song that no longer guarantees a job. or not are to me. and. has been trying to find out beyond the wall street movement is likely to. have. achieved its goal of creating a shift in the system or is it slowly becoming a blip but history probably won't remember this week let's talk about that i think . brought some attention to the issues that nobody really wants to talk about so. if it becomes part of the conversation you know i think. there's still a lot of work to do i'm hopeful that they'll continue with their efforts and maybe get people to make a big difference so i think you'll think about it for a while then go back to the ball. park or put the tent up but i think that's one of the problems no one really knows wh

and they answer to sallie mae, freddie mac and the rest. and my hope as this president -- and i voted for him -- became president that there'd be some magic, some sort of fund that would be created to save the students so that the students wouldn't be paying these loans. they can't file bankruptcy because there -- it's almost impossible to get away from a federally-funded student loan. there's nothing that they could do. and if there was some way that someone came up with some idea to free them of this, these shackles, there'd be such an infusion of wealth and spending. that's my comment and your thoughts, i'm sure you've thought about it. and thank you again. >> well, the cost of education has, as you say, it's skyrocketed, and a lot of times students are, you know, they are saddled with debt. there are a few programs, there are a few government programs that allow students to get out from under those debts or from which they can get grants, but, you know, those have really been diminishing over the last few decades, and it is a tragedy. i