The “Pledge of Refusal” for Student Loans

Apparently a portion of the Occupy Wall Street movement will begin a campaign on Monday specifically devoted to addressing student loans.

According to a piece at Inside Higher Ed:

[The] campaign… [will] encourage people repaying student loans to stop doing so. The idea is that people will pledge to stop repaying their loans when 1 million people agree to do so. The hope is that such a volume of non-repayment would make it difficult to punish those who opt to stop paying. The repayments could continue, however, if certain conditions are met. Those conditions include making public higher education free to students.

The campaign was created by Andrew Ross, a professor in the Department of Social and Cultural Analysis at New York University.

His Pledge of Refusal is based on the idea that while individual people are severally punished for not paying their loans, a huge group of people refusing to pay the loans could make banks and the federal government notice and take action.

Daniel Luzer

Daniel Luzer is the news editor at Governing Magazine and former web editor of the Washington Monthly. Find him on Twitter: @Daniel_Luzer