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ASU students work to revolutionize loan repayment

ASU alum Joshua Watson
April 11, 2014

Shaving down college student loan debt while still in school could soon be an option for ASU and other U.S. university students, thanks to the efforts of a team of ASU innovators.

“Every year, 32 million students enter college, and over 12 million take out student loans,” said social and cultural pedagogy graduate student Joshua Watson, in a recent article featured in the State Press.

Passionate about making college more affordable and accessible, Watson, who earned a bachelor’s of interdisciplinary studies in ASU’s School of Letters and Sciences, has teamed up with Brendan Pantilione, a senior interdisciplinary studies major, to negotiate creative solutions to the student debt crisis with their aptly named Project 12M.

Project 12M is enlisting local banks and nonprofit organizations to formalize a pathway for students to participate in community service or service learning to reduce their student loan debt. The team has received the green light to pilot the project at ASU in fall 2015, and Project 12M is continuing to recruit service organizations and lenders to participate.

Leaving college with less debt can translate into significant savings for graduates during the loan payback period. Most important, say Watson and Pantilione, graduates who are no longer so strapped by student loans will be able to invest their income in other ways that contribute more to the overall economy or to their future financial security.

"Tying loan reduction into community service could also have a positive impact on students’ overall graduation rates,” says Pantilione. “Studies actually show that students who are engaged in their communities are far more likely to graduate.”

Project 12M was one of three ASU groups (among the 70 ASU student groups that applied) selected to participate as finalists in the 2014 Social Venture Partners Arizona Fast Pitch Competition in March. It also earned the chance to participate in last month’s Clinton Global Initiative University at ASU.

Watson and Pantilione met and discovered their common passion for activism related to education and policy while working in ASU student government. Both plan to carry that interest into their professional and educational futures.

Watson says that social activism within the Millennial Generation is the area of research that he is most interested in as a graduate student in the School of Social Transformation. After completing the master’s in social and cultural pedagogy, he would like to serve in the Peace Corps before pursuing a doctoral degree.

Watson’s two concentration areas as an undergraduate in interdisciplinary studies were in education and family studies, and in human development. After completing a term on the National Education Association Board of Directors, he now serves on the association's Legislative Committee. Watson is also national president of Epsilon Sigma Rho Multicultural Fraternity Inc.; he helped launch ASU’s student chapter in 2010.

Pantilione, whose BIS concentration areas are in Islamic studies and political science, comes from a family of teachers, “so the importance of a good education has always been strongly emphasized,” he says.

Carrying on that tradition, Pantilione has taught English in Baku, Azerbaijan; Cairo, Egypt; and he is a finalist for a Fulbright English teaching assistantship in Tajikistan for next year.

His policy activism has included frontline work on behalf of students in the "Don't Double My Rate" and #dropthatdebt campaigns on the national level. Pantilione is campaign manager for the Arizona senate race of Janie Hydrick (D-LD18), a post he’ll retain through the November elections.

His sights are also set on graduate school and a life committed to activism. “I plan to pursue a master’s degree in either public policy or campaign management,” says Pantilione. “Long term, I want to stay in policy and advocacy in either the LGBT, education or international relations areas.”