Guest post by Kyle McCarthy, co-founder of studentdebtcrisis.org
For students just entering college, it must be a stressful time. In addition to adjusting to their new surroundings, many are also probably wondering how they will afford to pay for it once they graduate.
It seems like everyday we hear of new statistics about the cost of college and the ever-increasing amount of money students have to borrow to attend college today. This spring, it was reported that the average student debt for 2014 graduates is an astounding, $33,000. This amount is nearly double what borrowers had to repay 20 years ago, even after adjusting for inflation.
The student debt crisis is not just impacting lower-income students either. Earlier this month, the Pew Research Center released data showing that the largest increase in borrowing over the last 20 years has actually been among the more affluent students.
It also showed that over the same period, the typical total student debt for recent graduates who borrowed, more than doubled.
For reasons such as these, this Tuesday, October 14, George Washington University will host “Taking On the Student Debt Crisis," an event combining performance, discussion and activism in an effort to increase the dialogue about our country's student debt crisis. This free event will feature a moderated discussion with CNN’s Van Jones as well as the performance of Aaron Calafato's monologue, For Profit.
In addition to co-hosting CNN's Crossfire, Van Jones is also President/co-founder of Rebuild the Dream, an organization that champions innovative solutions to fix the U.S. economy. One issue the organization has focused a great deal of attention on, is the student debt crisis. Calafato has performed his play, For Profit, at more than 100 college campuses and community events across the country.
Calafato's play chronicles his experiences working as an admissions counselor at a for-profit college as well as the predatory nature of his former work.
Where: Marvin Center Amphitheater, Third floor
When: October 14th, 7:30 pm
Presented by Rebuild The Dream, GW Not For Profit, the Student Association at The George Washington University (SA) and GW College Democrats