Kudos to those wonderful people of the Backbone Campaign. They love street theater & what better place to bring it-- your own College Commencement ceremony!
They are trying to bring awareness about student debt to the forefront, using "Creative Commencement" tactics.
Congress just voted to double the student loan debt to 7% & the existing student loan debt just hit the $1,000,000,000,000 mark (that's one trillion).
Leave it to the 1%er GOP in Congress to decide now is a good time to shackle students with a double debt load, at a time when so many can't afford to go to college at all.
It's a known fact college grads make more money than High School grads & ultimately contribute more to the tax base in the long run.
That being said here are the supplies the Occupy Graduation movement have to offer:
The lovely "Hello MY DEBT IS" name sticker, shown above.
And the inflatable ball & chain debt shackle, one can personalize it by painting in white YOUR college loan debt
In America today, approximately two-thirds of all college students graduate with student loan debt.
In 2010, the average college graduate had accumulated approximately $25,000 in student loan debt by graduation day.
The total amount of student loan debt in the United States now exceeds the total amount of credit card debt in the United States.
The cost of college textbooks has tripled over the past decade.
The student loan default rate has nearly doubled since 2005.
Only 55.3% of Americans between the ages of 18 and 29 were employed last year. That was the lowest level that we have seen since World War II.