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Labor Perspective From Cory McCray, Chairman Of The Baltimore-Based Young Trade Unionists Group: We Need To Do Something About Student Loan Debt

Published Sunday, November 13, 2011 11:00 am
by Cory McCray/Young Unionists-Baltimore
Labor Perspective From Cory McCray, Chairman Of The Baltimore-Based Young Trade Unionists Group: We Need To Do Something About Student Loan Debt

WNYLaborToday.com Editor’s Note: Cory McCray, who serves as chairman of the Baltimore, Maryland-headquartered Young Trade Unionists Group (pictured above in one of WNYLaborToday.com’s “It’s Cool To Be Union” T-Shirts), has been reported on and profiled by WNYLaborToday.com many times in recent months.  WNYLaborToday.com has also republished several worthy columns over the course of time that have been authored by McCray which targets Young Union Members and Workers.  This is the latest offering from McCray that WNYLaborToday.com wanted to bring to the attention of our viewers/readers:  In addition, here is the direct link to McCray’s Labor Perspective: http://corymccray.com/2011/11/homework-gone-progressive/.  McCray has also posted a short video on the topic at http://youtu.be/4cE8ilAUwAQ.  He can be reached directly via e-mail at corymccray@gmail.com, on Twitter @corymccray or by visiting his website: www.corymccray.com

 

Recently, one of my community college professors gave my class the task of finding a business article to write about and express our opinions.  

I don’t know about any professor you’ve had or have had over the years, but the majority of my professors have a pretty Conservative view.  

So, I thought that Student Loan Debt would be a great topic of choice and that it would help to educate my classmates with a progressive touch. 

This is something that I feel very passionate about, since I haven’t been able to write on my blog a lot because I’ve been busy with school, work and community activities.  

Recently, I read an article that caught my attention concerning college debt. 

It was written by Allison Linn and was entitled: Congrats, 2010 Grads! Your Debt Load Is The Heaviest!”  

It caught my attention because I felt as though I can relate to it.  I’m currently enrolled in a community college and looking forward to going to a four-year college.  Throughout her article, Linn highlighted a number of great points, but there were three that stood out to me: The cost of a college education for our parents; Today’s difficult job market; and Student Loan Debt.

Growing up as children, we all have heard the statement - I’m doing this to make your life better.

Well, in Linn’s article, her attention grabber is: “In addition to that hard-earned college degree, most of you walked away with more Student Loan Debt, on average, than those who graduated before you.”  In her article she highlighted a new report from The Project on Student Debt, which cited that this information is true.  

So I ask the question: Can we say that familiar old phrase - I’m doing this to make your life better - that many of us grew up to, and some are still growing up to, is genuine?

The report goes on to state that on average, students who graduated in 2010 are carrying an average of slightly more than $25,000 in Student Loan Debt, which is up 5% from a year earlier.

The next point Linn underscored was the difficulty in the current job market with today’s economy in turmoil.

This, once again, it’s not imaginary – it’s reality.

The numbers go on to state the unemployment rate was 14.7% in September for those who are 20 years old to 24 years old, which is much higher than the overall rate of 9.1%.

The Middle Class is crumbling right now, and in so many words, she’s saying those that have gone on to pursue a higher education appreciate a good education and did the right thingbut they also have a price to pay.

I’m sure everyone would agree that price to pay is no job or an underpaid job when you graduate from college.

The last point that Linn highlighted is what all students are scared to say: “Student Loan Debt.” 

In her article, Linn touched on something that many of us forget: people who go to school in States with higher costs.  

One of those States she highlighted was New Hampshire, where the average debt for the class of 2010 was $31,048.  

But in the State of Utah, students had an average debt of about half that or $15,000.

It was a great point Linn made.

While I may be bias, my opinion is that the cost of a college education has run amok.

It needs to be reeled in with some type of reform.

I think her article clearly points out why young people need Student Loan Debt Reform.

After all, it isn’t a mystery - it’s working to kill the Middle Class.

This wasn’t Allison opinion, but the hard-core facts contained in her article shows we’re failing our future generations - and something needs to be done about that.

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