As a result of these debts, nearly 40 million Americans aren’t buying homes or cars, starting businesses or families, or otherwise able to reach the American Dream.
Staten Island, NY (PRWEB) October 08, 2013
StudentDebtCrisis.org has announced that the submission deadline has officially ended and the voting phase has begun for the #OutWithStudentDebt Video Project - an initiative designed to help shed the stigma of shame and embarrassment that comes along with the burden of student loan debt.
For the next two weeks, StudentDebtCrisis.org and its partner organizations are asking the public to vote for their favorite videos among the testimonials that have been submitted to the project. Participants can vote once per day through October 15, 2013 and winners will be announced on October 17, 2013. The creators of the three videos that garner the most votes will be awarded $500 each, representing an average monthly student loan bill.
During the course of the submissions phase, nearly 60 video testimonials were submitted, highlighting a cross-section of America who, too often, feel voiceless and powerless when it comes to their education debts. One such video, submitted by the New Olivet Baptist Church in Tennessee, features an entire congregation coming out with their collective $1.4 Million in student loan debt.
The non-profit has joined with over a dozen organizations to put human faces on the ever-growing student debt crisis and to raise public awareness about the danger such debt poses to the overall economy. Partner organizations include: Generation Progress, MoveOn.org, Rock The Vote, Democracy For America, AFT, Backbone Campaign, Working Families Party, SEIU’s Adjunct Action and For Profit U, One Wisconsin Now, Rebuild The Dream, Generational Alliance, NYPIRG and Our Time.
Robert Applebaum, Co-Founder & Executive Director of StudentDebtCrisis.org, said, “With over $1.2 Trillion in outstanding educational debt in America, we know that student debt creates an enormous drag on economic growth,” Applebaum said. “As a result of these debts, nearly 40 million Americans aren’t buying homes or cars, starting businesses or families, or otherwise able to reach the American Dream.”
To find out more about the #OutWithStudentDebt Video Project, interested parties are encouraged to visit StudentDebtCrisis.org.
Background: StudentDebtCrisis.org is a non-profit, 501 (c)(4) organization dedicated to fundamental reforms to the way in which higher education is paid for in America. At the core of its mission is an ironclad conviction that higher education should be a right, not a privilege reserved only for the rich or those willing to bury themselves under massive amounts of student loan debt. A well-educated citizenry is a national security issue, as well as a certain pathway to economic growth. StudentDebtCrisis.org is committed to chipping away at the status quo through a series of initiatives and social media outreach and also champions a number of much-needed reforms to the student lending system, including the restoration of basic consumer protections, such as bankruptcy protections, that have been curiously stripped away from student loans.