The student Senate at the University of Illinois is taking on the issue of student debt by putting on activities for Student Debt Awareness Week. Student loan debt has become a problem in the last generation, says Tony Fiorentino, a law student and Senate member. “Even up to the early 1990s, the majority of students who graduated took out no loans at all. It was something they were able to pay for out of pocket. Today, even for undergraduates, two-thirds of students graduate with student loan debt,” he said.
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Nationally, that debt stands at $1 trillion. Fiorentino blames the rise in student debt on the lack of borrower protection on these loans, making them easily available, which makes colleges raise tuition to get their hands on the money.
Activities are planned at the U. of I. for this week:
A screening of the documentary Default on Thursday in the Pine Lounge of the Illini Union, 1401 W. Green St., Urbana. The film will be followed by a town hall discussion with students.
A student rally on the main campus quad at noon Friday.