April 5-12 2024
the student loan forgiveness application site just went live btw
It is also SUPER EASY, btw, in case you’re tempted to put it off because you think it’s going to involve digging up old passwords or financial information, or having to wade through a lot of complicated web forms -- it doesn’t. Name, email, SSN, and bam, you’re done, you’re in the system, your application is processing.
Remember these dates. #StudentLoans
#CancelStudentDebt
This is why "I shouldn't have to pay for someone else's loan" is a bullshit reason to be against student loan forgiveness. Making the loans interest-free would greatly reduce debt without passing it onto anyone else.
Imagine having the money to solve world hunger and just not doing it. What kind of person acts like that. Why would you not want to be "the guy who solved world hunger"
If you solved world hunger you could spend the rest of your life having as shitty of a personality as you want. You'd still be the guy who solved world hunger. Nobody would be able to criticize after that. Why would you not
We are not speaking in hypotheticals here
God this all fucking sucks so much
Ron Reagan's legacy is crushing us. His trickle down economics destroyed the middle class.
Biden’s rambling justification of the status quo was peppered with straw men, invocations of false scarcity and non-solutions. He pitted working-class Americans against each other, implying that people who attend private schools aren’t worthy of relief, as though poor students don’t also attend such schools. He said that money would be better spent on early childhood education instead of debt cancellation, as if educators aren’t themselves drowning in student debt, and as if we can’t address both concerns at once. He suggested relying on parents or selling a home at a profit to settle your debt, a luxury those without intergenerational wealth or property cannot afford. And he touted various programs, including Public Service Loan Forgiveness (PSLF), that have totally failed borrowers: over 95% of PSLF applicants have been denied.
In contrast to Biden’s smug comments, Congresswoman Ayanna Pressley recently revealed that she defaulted on her student loans. Similarly, at a recent Debt Collective event, congressional hopeful Nina Turner said that she and her son owe a combined $100,000. Former Georgia gubernatorial candidate Stacey Abrams has, of course, proudly confessed to being in debt, and Alexandria Ocasio-Cortez has said that becoming a congressperson was easier than paying off her debt. Philadelphia councilmember Kendra Brooks (who is planning to introduce a city resolution calling on the Biden administration to cancel all student debt) has also spoken out about her own struggles as a borrower. Their experience and candor – and commitment to real solutions including cancellation – demonstrate why we need debtors, not millionaires, in our public offices.
Let’s be clear about another thing. Biden ABSOLUTELY has the legal authority to use executive power to cancel all federal student debt. Congress granted this authority decades ago as part of the Higher Education Act. It’s even been put to the test: in response to the Covid pandemic, Donald Trump and his former education secretary, Betsy DeVos, used that authority three times to suspend payments and student loan interest.
Biden owes this country debt relief not only because he campaigned on it, but because he helped cause the problem. A former senator from Delaware, the credit card capital of the world, he spent decades carrying water for financial interests and expanding access to student loans while limiting borrower protections.
Instead of acknowledging this generational disparity, Biden reiterated a common criticism of more generous forms of student debt cancellation – that it would help the privileged, specifically the minuscule subset of debt-holders who attended the Ivy League. But as Ocasio-Cortez tweeted in response: “Very wealthy people already have a student loan forgiveness program. It’s called their parents.” As things stand, poor and working people typically pay more for the same degrees than their affluent counterparts due to years or decades of monthly payments and accumulating interest. Our debt-financed higher education system is a tax on poor people who dare pursue a better life.
This is why baby boomers think we can pay for school while having a part time job
im so mad
this is why they should all shut the hell up forever
When will banksy
When will anonymous
always reblog, this is fucking activism folks
if you don’t have access to poorly-secured and un-backed-up debt records, you can help do this via legitimate means by donating to rollingjubilee.org - they buy debt (the way debt collectors do, for steeply discounted prices - like $20 to buy $500 in outstanding debt owed by someone) and just… forgive it, so it doesn’t need to be paid by the person on whom it’s a burden.
As of November 22, 2018, this information is outdated. Rolling Jubilee is no longer accepting donations. The organization has migrated to https://debtcollective.org/, the next stage in their fight against predatory debt. There is also more information under the “resources” tab on their homepage.
https://tools.debtcollective.org/?donate Here is their donation page
The Debt Resistor’s Operations Manual - This is a book written by StrikeDebt, which is a branch of the Debt Collective. It covers the predatory nature of the debt system, as well as strategies to organize and fight it. It is free to read online at the link.
