Gen Y is the first generation to really bear the weight of college expenses through loans instead of grants and other financial aid. This, combined with credit card debt, is leaving cash-strapped college grads in bleak financial situations ... often ending in bankruptcy.
New York, NY — Economic Opportunity and a healthy democracy should be central focuses of America's political debate, according to a new policy briefing book published today by Demos: A Network for Ideas & Action, a national, non-partisan public policy, research and advocacy organization.
Americans in their 20s - those broadly defined as ‘Generation Y' - are supposed to be more concerned about weighty issues like world affairs, local politics, and the environment than their ‘Gen X' predecessors. But they've also distinguished themselves another way: They're the most leveraged generation in American history, and they have, for the most part, the cost of their college education to thank for that distinction.
Cleveland, OH —A federal lawsuit filed in Cleveland today charges that Ohio's Secretary of State, Kenneth Blackwell, and the Director of its Department of Job and Family Services (DJFS), Barbara Riley, have violated the rights of thousands of low-income Ohioans by failing to provide voter registration opportunities in public assistance offices as required by the National Voter Registration Act (NVRA). The NVRA is a federal law enacted 13 years ago to encourage voter registration and turnout in elections.
Cleveland, OH — A federal lawsuit filed in Cleveland today charges that Ohio's Secretary of State, Kenneth Blackwell, and the Director of its Department of Job and Family Services (DJFS), Barbara Riley, have violated the rights of thousands of low-income Ohioans by failing to provide voter registration opportunities in public assistance offices as required by the National Voter Registration Act (NVRA). The NVRA is a federal law enacted 13 years ago to encourage voter registration and turnout in elections.
New York, NY — Demos, a leading national public policy organization, denounced the passage of the House of Representatives bill (H.R. 4844) also known as the "Federal Election Integrity Act of 2006," which would require all voters to obtain and present government-issued photo ID by 2008, and present proof of citizenship before voting in 2010.
Many college graduates worry about their finances as they begin their professional careers in the red - a place where if they don't get a hold of their debt they may stay for years to come.
New York, NY — Today marks the publication of a groundbreaking new book on the moral landscape of America, THE MORAL CENTER: How We Can Reclaim Our Country from Die-Hard Extremists, Rogue Corporations, Hollywood Hacks, and Pretend Patriots (Harcourt Press, September 11, 2006; ISBN 0-15-101151-6; $24.00), by David Callahan, co-founder and Senior Fellow at Demos, a national public policy organization. In THE MORAL CENTER, Callahan argues that nothing's the matter with Kansas: Americans voting their values are responding to a real moral crisis.
Draut is one of the experts who claims the problem has reached "epidemic" proportions - yet the issue continues to worsen as more and more graduates and young people find themselves drowning in debt.
As more and more young people get in too deep, students, parents, educators and lawmakers are proposing solutions. The seeds of a grassroots activist movement against debt are being sown. But is it too little, too late?
New York, NY — The organizations listed below respectfully submitted public comments today seeking improvements in draft New York State Database Regulations.
For too many grads, though, "the 'debt for diploma' system" makes starting-out responsibility, financially speaking, very difficult, says Draut. The shift from free grants to loans since the early '90s has more than doubled the debt burden of grads who borrow to go to school. That's why it's important to learn to calculate for the real world so you can fulfill the high expectations that motivated you to go to college in the first place.
Draut estimates 25 cents out of every dollar earned by indebted graduates goes to pay off credit cards or loans, for a total debt load of about $20,000 per person.
WASHINGTON, DC — The U.S. Supreme Court today announced its decision in Randall v. Sorrell, a case addressing the constitutionality of Vermont's comprehensive campaign finance law, passed in 1997.
Stuart Comstock-Gay, Executive Director of the National Voting Rights Institute, which defended the law alongside the state of Vermont, had this statement on the decision.
New York, NY — Today the Brennan Center for Justice at NYU School of Law, Demos, and the Legal Action Center, three leading national public policy organizations, praised the New York Assembly Committee on Election Law for passing the Voting Rights Notification and Registration Act on June 14th, a bill that would reduce barriers to voting by individuals with felony convictions.
Boston, MA — The National Voting Rights Institute (NVRI) and the State PIRGs Democracy Program released a study today that found there is no support for the notion that campaign contribution limits hurt challengers. In fact, according to the study, contribution limits can work to reduce the financial bias that traditionally works in favor of incumbents.
Columbus, OH — Ohio's noncompliance with a federal voter registration law could land the state in legal jeopardy, according to a letter sent by several national voting rights and election reform organizations to Secretary of State Kenneth Blackwell. In the letter, dated May 12, 2006, Blackwell was warned that Ohio's continuing failure to comply with a 13-year old federal law that requires states to offer voter registration to its low-income citizens could lead to a lawsuit. A prominent national law firm has already taken the first step in initiating litigation against the state.
New York, NY and Boston, MA — This week, Demos: A Network for Ideas & Action and the National Voting Rights Institute (NVRI) announced that they have signed an affiliation agreement. Longtime allies on national and state election reform campaigns, the Demos / NVRI collaboration will combine the strategy and resources of two of the nation's leading public policy and advocacy organizations.
A recent study by Demos, a public policy group, broke down the budget of a sample college graduate. With a monthly after-tax income of $2,058, $797 goes to rent and utilities, $456 to food and groceries, $464 to transportation, and $307 to school and card debt payments.