I have not said anything about the Occupy Wall Street movement yet. Part of the reason for that is that in a movement so expansive, it is hard to make generalizations about the participants or their motives. We don't know what path the protests will end up taking, and so I can't really take a stance yet. But I encountered this picture online and it made me really sad.
I applaud this young woman (I'm going to guess it's a woman based on the handwriting) for her wise financial decisions. But what I can't applaud is the lack of any kind of sympathy for the situation that many of her classmates are about to find themselves in. Not everyone has parents who are able to give them sound financial advice. It's very easy for a 17 or 18 year old to sign the dotted line and go to their "dream school" without understanding the consequences. Then, once they get to said dream school, they are inundated with credit card offers driving them further into debt. How hard is it to see that that is predatory?
Another flaw is that this person equates working their "@$$" off with results. Those of us who bought into the law school scam know that that is not necessarily the case. Education and hard work are not the surefire recipe for success anymore, if they ever were.
I agree that people should not go into debt for higher education. But that was not quite so clear cut when many of us were going to school, and it is vitally important that the word get out there about the pitfalls of student loan debt, so young people graduating from high school now do not become victims of the same mistake. If Occupy Wall Street manages to convey that message, it will have accomplished something.