BY ISN STAFF | June 19, 2012
What challenge do impoverished countries and many U.S. college students have in common?
On July 1, 2012, student loan interest rates in the U.S. are set to double for almost 7.5 million students unless Congress takes action. (Source: San Francisco Chronicle) Jubilee USA is taking this opportunity to call attention to their work for debt relief crippling nations impoverished nations throughout the world. The challenges that U.S. college students (and their families) will face as they incur significant debt to obtain a college degree provides context for the debt crisis facing poor countries. Instead of providing basic services to their citizens, countries use their precious resources to pay debt service to wealthy nations and institutions.
Jubilee USA views the student loan crisis as another opportunity to grow and strengthen their movement for responsible lending and borrowing around the globe. Learn more about Jubilee’s work and how it relates to the U.S. student debt crisis and take action at: http://www.jubileeusa.org/get-active/special-projects-and-events/jubilee-for-students/global-debt-and-student-debt.html.