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Student Loan Protest Group Going for Broke

Thompson, 49, a bank teller who lives in Athens, Illinois, says her most recent job denial letter — this one for a legal secretary position with the Illinois Attorney General’s Office — came in the mail just the other day. She is about $100,000 in debt for her bachelor’s degree — about $10,000 of it in high-interest private loans, but the bulk of it owed for federal student loans. And she doesn’t intend to pay it. Thompson is part of a new student loan protest group — which claims about 1,900 members — called The Debt Collective.