Students, Occupy Wall Street | featured news

Senh: You know it's just a matter of time before the Occupy movement gets to Berkeley. I'm surprised it's taken this long.

Senh: I'm not sure how I feel about this. My initial reaction is that this sets a bad precedent for neglecting your obligations. Student loans already have one of the lowest interest rates. The economy is still in the gutters, and unemployment rate is still very high. It's so tough to find a job nowadays, especially for new college grads, so they do need some kind of relieve - maybe allow them to get delay repayment until the economy improves. Taypayers bailed out the financial institutions, and so far they're not showing customers any return in kindness; instead, they're charging them more fees. Only until recently did taxpayers see some of that kindness returned when the banks report that they're giving out more loans to small businesses. Still, it's hard to see any of it going directly to taxpayers. Wiping out student loans would directly benefit taxpayers, but the banks won't do it.