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Protesters advocate making student loan debt disappear

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NEW YORK?— As President Barack Obama announces plans to ease repayment of student loan debt, some in the “Occupy” protest movement are agitating for a far more radical solution: debt forgiveness or a mass payment stoppage.

While economists say there is little chance that such tactics could succeed, the fact that they are even being talked about — including the recent introduction of a congressional resolution calling for student loan forgiveness — shows the depth of the frustration and anger brewing over what is cumulatively a crushing debt load for U.S. students and graduates.

At a gathering last week in a public atrium a few blocks from the square that is home to the Occupy Wall Street encampment, New York University professor Andrew Ross led a discussion about the burden of student loan debt — now estimated to be between $550 billion and $829 billion — and proposed a radical solution: “A Pledge of Refusal.” The idea is that protesters would sign a pledge to stop making payments on their student loans as soon as 1 million had joined in making the pledge.

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Ross told the crowd of about 50 people — ranging from current students to long-ago graduates — that while individuals are subject to heavy financial penalties if they stop paying on their student loans, a mass action by 1 million would make the banks take notice.

“There is a lot of talk about student debt, but no one takes any action, and that’s what Occupy Wall Street is about,” the professor of social and cultural analysis said.

‘It’s just immoral’
Ross acknowledged the irony of protesting against one of the main sources of his salary but added, “I feel very bad that my salary has actually been financed (by these debts).? … To me it is just heartbreaking to see my students carry so much debt. It’s just immoral.”

While Ross’s effort is in the early stages, the idea of student loan forgiveness has gained a substantial following, based in part on the argument that such a move would have a substantial economic stimulus effect.

Robert Applebaum, a 37-year-old lawyer who graduated from Fordham Law School in New York City in 1998 with about $65,000 in debt, is the creator of ForgiveStudentLoanDebt.com. He said the website grew out of a proposal he first posted on Facebook in 2009 speculating on the economic impact there would be if student loan debtors suddenly had hundreds of dollars a month to spend. Within weeks, the post went viral and he had 300,000 “likes” on Facebook, he said.

Applebaum’s idea was born out of painful experience. He said he began championing loan forgiveness after going to work as an assistant district attorney in Brooklyn and realizing he could either pay his rent or make his payments on his student loans.? He said he chose to put his loans in “forbearance” — an agreement between the lender and the borrower that prevents a declaration of default but doesn’t prevent the continued accrual of interest — until he left the DA’s office in 2004. After making his loan payments every month since then, his debt today stands at $88,000.

“I welcome the Occupy protests,” Applebaum said. “I think it’s long overdue, and I think it’s wonderful that people are finally learning to speak up against the raping and pillaging of our country for the last 30 years. No other issue really highlights how badly that’s been done to the middle class than the issue of student debt.”

He acknowledges that the proposal to forgive student loan debt is “intentionally provocative and dramatic to focus people on the problem.”?

‘With you for life’
“Your student loans are with you for life — both federal and private loans,” he said. “There is no recourse for student loan borrowers if they run into trouble. The only recourse they have is to put the loans into forbearance, like I had to do, or economic deferment.”?

He was referring to the fact that student loans are very difficult to discharge through bankruptcy. And since they are federally guaranteed, a collection agency can take payments directly from paychecks, tax refunds, even Social Security payments. There is no statute of limitations on student loans: The government will get its money back. And the student who defaults has his or her credit ruined and still has to repay the principal, plus interest and fees from the collection agency.

Applebaum’s campaign has struck a chord. More than 600,000 people have signed his online petition in support of student loan forgiveness. He also received support from an unlikely corner this summer when Rep. Hansen Clarke, D-Mich., introduced a resolution in the House urging student loan forgiveness as a means of economic stimulus.

Statistics show why the issue has such resonance.

The total student-loan debt in the United States is at a historic high, $550 billion, according to a recent report by the Federal Reserve Bank of New York. The FinAid.org website, which tracks information on financial aid, estimates the figure is even higher — $829.8 billion — and recently passed the amount of credit card debt owed by Americans.

Approximately 65 percent of students graduating after four years with a bachelor’s degree in 2007-2008 had some debt, according to FinAid.org. The median cumulative debt for those graduating with a bachelor’s degree was about $20,000 in 2007-08 — but up to 10 percent graduated with $40,000 or more in debt, it said.

And given the tough job market, more people are defaulting on those loans. A total of 8.8 percent of all student loan borrowers defaulted on their loans during the 2009 fiscal year, up from 7.0 percent in 2008, according to data released by the Department of Education in September. The problem was particularly bad at for-profit colleges and universities, which tend to serve low-income students. The default rate for for-profits rose sharply from 11.6 percent in 2008 to 15 percent in 2009.

Still, most economists see little chance of the federal government embracing student loan forgiveness at a time when it is wrestling with a debt crisis.

“For the younger age group, this is the equivalent of being underwater on your mortgage,” said Isabel V. Sawhill, a senior fellow at the Brookings Institution. “… But the problems with just forgiving are the same is in the case of the mortgage story.

“If some people continue to pay their student loans back and other people don’t, the people who are still paying will be very angry and won’t feel like that was fair at all. … And where would you draw the line? Would you say, we are going to do it just for people that are this age or in this situation, but not for others?”

She also said that forgiveness would send a shock wave through the banking system, even though the loans are federally guaranteed.

“I realize no one is feeling particularly sympathetic toward financial institutions these days, but … we do have to worry about the systemic effects.”

At last week’s Occupy Wall Street gathering devoted to student loan debt, few of those engaged in discussing possible demands for reform appeared to be too worried about what the ripple effects might be.

Debate over best approach for reform
The group debated the idea and tossed out alternative solutions like insisting on “reasonable” tuition, abolishing for-profit schools, reforming the current system or even setting up an escrow account for students to pay into until the system is reformed. There was consensus on one issue:? When one person asked if the group considered education to be a “right” or a “privilege,” there was a wave of “twinkle” hand gestures from the crowd (an upward wiggling of fingers) to show that they agreed education was a “right.”

The broad appeal of the movement was illustrated by one passer-by who stopped to listen to the discussion.

“I married someone who had student loan debt, so by default that’s become part of my life now,” said David Solomon, wearing a button-down shirt and raincoat.

Solomon, a 27-year-old who works in tech support and lives in Sunset Park, Brooklyn, said he and his wife met at New York University, where they both went as undergrads. His tuition was paid for, but his wife took out student loans to pay for school.? They currently pay about $400 a month in loan fees on her $150,000 in debt because they had worked out some deferments, but he said that will rise to approximately $1,100 a month by September 2012.

“She had been interested in getting a house and we looked at the numbers,” said Solomon. “But that’s just not going to happen — not anytime soon, at least.”

Solomon indicated he wasn’t ready to take to the streets just yet, but he believes the “Occupy” protest has seized upon an issue that has not been taken seriously, despite the adverse impact it is having on so many lives.

“I haven’t been to any of the Wall Street stuff yet, (but) this seems very interesting,” he said. “The portrayal I’ve seen so far in the media, to be honest, is that it’s just a bunch of dirty hippies who don’t know anything. That is obviously not the case. There are people here having an intelligent discussion about a problem, and they know what they are talking about.”

? 2011 msnbc.com Reprints

Women making slow, sure strides in science, math

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For many of the women, the chemistry lab was a home away from home — a sorority for nerds, of sorts, that hints at the slow but steady shift in technical fields that have been traditionally filled with men.

Rebecca Allred has fond memories of that lab at the College of William and Mary in Virginia. She and her peers spent hours there. They worked into the night for their professor, Elizabeth Harbron, because they wanted to, blowing off steam by dancing to the soundtrack of “Mamma Mia” or taking a break on Fridays to play Putt-Putt golf together.

Harbron was not only their mentor, but often a confidante. They shared their frustrations. They celebrated their successes. Several published their findings with Harbron’s guidance, a rarity for undergraduates.

“That lab was a refuge between classes. I loved being there,” says Allred, now a second-year doctoral student in the Yale University chemistry department and one of a new generation of young women who are helping change the face of the so-called STEM fields — science, technology, engineering and math.

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Though she was happy to help blaze the path for them, Harbron says she didn’t set out to create an all-women’s lab. It happened naturally. Students like Allred sought her out because they liked her informal, lively teaching style.

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“I don’t want to become a female ghetto of over-achieving white girls,” Harbron jokes, referring to the general makeup of her lab these days. Then she asks more seriously: “But am I just perpetuating the model that’s gotten us where we are?”

In other words, she wonders, has she inadvertently created the female version of the “old boys’ network”?

Whatever the answer, it’s hard to argue with her results: her lab has become a place where these young women gained confidence to match their abilities, she says.

Many, like Allred, have gone on to graduate programs.

That’s a big deal in the STEM fields, which have been slower than other disciplines to integrate women at the highest levels.

With two-thirds of all undergraduate degrees and 60 percent of master’s degrees now going to women, many believe it’s only a matter of time before that trend influences the upper echelons of the STEM fields.

Already, statistics from the Council of Graduate Schools show that women, overall, earned slightly more than half of the doctorates handed out in all disciplines in the United States in 2009 and 2010. When it comes to the STEM fields, women have been most successful in medicine and biology — and least successful in engineering, math and computer science.

But experts hope that, too, will change. A recent report from the American Association of University Women notes that, 30 years ago, the ratio of seventh- and eighth-grade boys who scored more than 700 on the SAT math exam, compared with girls, was 13 to 1. Now it’s 3 to 1.

“You gotta fill up the pipeline and support these good people and, after a while, things get straightened out,” says Thomas Pollard, dean of Yale’s Graduate School of Arts and Sciences, which includes Allred’s program.

Some would argue that that pipeline is still too leaky in the STEM fields.

“In an ideal world you’d expect that it’d catch up, but it doesn’t quite catch up because we’re still losing women at every level,” says Ted Greenwood, a former director with the Alfred P. Sloan Foundation, which funds several STEM programs that target women and minorities.

That said, he and others note that women are still making more progress than minorities, particularly black men.

And even in fields like chemistry, engineering and math, the percentages of women who received doctorates still has steadily increased over the last decade, according to the Council of Graduate Schools report.

Rebecca Allred’s path to a doctoral program provides a glimpse of how it’s happening — and how crucial access and support can be.

___

It began, she says, with her first role model — her mother, Janet Mikulas.

Mikulas, who got her engineering degree in the 1970s from Virginia Tech, can hardly imagine what it would be like to have so many women peers, as her daughter did at William and Mary.

“You know,” Mikulas remembers her mother whispering to her after she announced her major to her parents, “Dad always said you should be an engineer.”

She was stunned. Why didn’t she know this? Why hadn’t her father told her?

Her mother explained, as best she could, that he had felt it was wrong to encourage her to enter a male-dominated field, that he thought he was supposed to encourage her to be a mother and a secretary.

“He did it with the very best of intentions. He taught me a million things all his life. I was his best buddy,” Mikulas said. “But he couldn’t quite tell me what he really thought.”

Mikulas and her husband, also an engineer, vowed that it would be different for their daughters. “We decided that we’d let them be what they wanted to be,” she says.

Some would say there was no way Allred — known as Rebecca Mikulas before she married her college sweetheart in 2009 — could have failed. She had educational opportunities that many do not, including a private school in rural Virginia where classes were small and where she was given the chance to study at her own pace. She also had the smarts, skipping kindergarten and second grade and taking college classes by the time she was in middle school.

She finished her high school requirements by age 16 but then decided to take more math and science courses at a public high school, where she also excelled at volleyball, basketball and track.

Her parents always worked to integrate math and science into everyday life on their family farm and during dinnertime conversations.

But she also had teachers who encouraged and challenged her — another key, experts say, in keeping girls engaged.

Her mother remembers how Rebecca’s high school chemistry teacher put off retiring for a year so she could have Rebecca as a student in her advanced-placement class. The teacher was certain she’d be her first student to receive the top score of 5 on the AP chemistry test. And Rebecca did.

She was considering colleges, including Harvard, around the time when Harvard’s then-president, Lawrence Summers, made controversial comments questioning women’s aptitude for top-level science and math. He later stepped down.

Unfazed, 17-year-old Rebecca went to William and Mary on a track scholarship. There, she took a chemistry class with Harbron — and applied for a spot in Harbron’s lab.

She quickly realized she’d found her next mentor.

“She was so animated and funny — and into what she was doing,” Allred says of her professor. “I wanted to be a part of it.”

When she first joined Harbron’s lab, she was the only woman student.

“I had to learn my boy social dynamics,” Allred says, laughing and noting that, at that point, many of her interactions at her Mormon church and in sports were with other women.

You wouldn’t think that would matter much. But Harbron and other professors say there’s an interesting dynamic they often see in coed labs. Women tend to hang back, they say, and let men take the lead role.

“They’re so afraid of being wrong. I don’t think guys have that fear,” Harbron says. “If they’re admitting they don’t know something, then they are admitting a vulnerability.

“But what they don’t realize is that other people don’t know either.”

Christina Davis, another student who was in Harbron’s lab when Allred was there, remembers feeling stressed out by her need to be perfect, to have all the answers. She balked, at first, when Harbron refused to tell her what result she should expect in an experiment.

But Davis says she soon learned to love exploring the unknown in experiments, so much so that she, too, eventually decided to pursue a doctorate in chemistry instead of going to medical school.

“I stopped following the plan I had written when I was 7 and opened myself up to new possibilities,” says Davis, who’s now in the PhD program at the University of Texas and currently studying in South Korea.

Increasingly, some institutions are finding value in more formal all-women’s programs in the STEM fields.

The all-women’s Smith College in Massachusetts, for instance, bucked its liberal arts tradition and started an engineering program 10 years ago — a decision other all-women’s schools are following.

Some students come to Smith knowing they want to be engineers. Others are drawn into the program by an introductory class called “Engineering for Everyone.”

Another interesting result: Most of the students in the Smith program have ended up choosing mechanical or electrical engineering — specialties within that field that women have tended to avoid.

The program is also growing, averaging 20 students a year until this year, when that number doubled, says Donna Riley, an associate professor of engineering at Smith who helped found the program.

“Our teachers are stretched,” Riley says of the uptick. “But it’s a good problem to have.”

Meanwhile, other institutions are targeting younger students, since research has shown that girls tend to lose interest in science and math in middle school. That research also has shown that income plays a greater role than gender when it comes to students who make it to the highest levels of the STEM fields.

That’s why Pamela Clute, a math lecturer who is also assistant vice provost for academic partnerships at the University of California, Riverside, developed summer and after-school math programs for middle school girls — many of them from low-income neighborhoods.

She calls her program and its participants GEMS — Girls Excelling in Mathematics with Success.

The curriculum, she says, incorporates topics that the teen girls tell her they’re interested in. They might be asked to solve math problems that incorporate questions about fashion and cell phones, for instance. They also are allowed to work in groups.

“If you say, algebra, people tend to vomit,” Clute quips. But if you can show them how it applies to real life, she says, that attitude changes.

An interest in science and math was never an issue for Allred. When she was in middle school, she was asking questions at the dinner table that always seemed to spark an answer related to either topic.

Once, noticing that ice cubes get smaller in the freezer over time, she asked, “Where do ice cubes go?” her mother recalled. “And we would have a conversation around the dinner table about sublimation.”

Then she’d go to school and tell her teacher about how a solid like an ice cube can turn to gas — “but never in a braggart way.”

“She absorbed everything and liked to share it,” her mom says. “And that feeling of success would motivate her to study more.”

___

That motivation carried her to Yale, where she is now balancing parenthood with her studies. She and her husband Jacob Allred had a daughter, Anna, this past spring.

Allred hinted at their plan when she interviewed with various doctoral programs.

“Why would you have kids when you’re going to school?” was the response she got from an official at one of the schools she considered. Only two schools she visited mentioned policies for parental leave, for any student.

Yale was one of them.

“I think it’s being driven by doing the right thing as opposed to being used as a recruiting tool,” says Pollard, the dean who oversees Allred’s program and others at Yale. “But we all know that if you have good practices, you attract good students.”

Pollard also concedes that he is particularly sensitive to parental issues because his own daughter, a junior professor at another institution, just had twins.

Among other things, he hopes the university will improve its day care options.

And he says the university just completed a report that examines how various departments can make sure their students — female or male — finish their programs.

Once again, Allred says she feels that crucial support, from her advisor and also her fellow students. Her husband also has agreed to stay home with Anna until Allred gets her doctorate, maybe by the time Anna is in kindergarten.

She jokes that she’ll then take on the title of “Dr. Mom,” certain that she will be able to add her name to the list of women with PhDs in the STEM fields that is growing — slowly but surely.

“I’m not sure where this is going to take me,” Allred says. “I’m just so grateful that I’m here at a time when I can do this.”

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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