The nation’s first debtors’ union, organizing to build power with debt as leverage. You are not a loan! Press: press@debtcollective.org
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If you have federal student debt, you may have recently received an email from the Department of Education telling student debtors who are in the SAVE forbearance to switch plans.
We want to encourage you to not rush this next step.
Take a deep breath. You have until September.
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We can defund the police because they don't actually protect us no matter how much funding they get
Nashville bomber's girlfriend warned police last year he was making explosives, reports show hill.cm/f2bcCYR
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Good morning to everyone except these two—Alexander Taylor and Myra Brown—who sued over student debt relief and got it struck down.
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Federal student loans have been paused for 653 days and the sky hasn't fallen. Folks, the government doesn't need our payments. They never did.
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The Biden administration should cancel all federal student debt tomorrow. Ignore the courts. Use immunity powers. Get it done.
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Today, two Democrats voted with Republicans to say that not only should student debt relief be repealed, not only should the pause on payments end, but that you should make *retroactive* payments from previous months.
Introducing Jared Golden and Marie Gluesenkamp Pérez:
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Rep. Maxwell Frost voted to unpause your student loan payments
ALT screenshot of a tweet from @reallifesenator that reads "That stare the 'cool millenial' senator gives you right before voting to unpause your student loan payments"
Rep. Maxwell Frost is the first member of Generation Z to serve in Congress.
He has released his first financial disclosure as a Congressman.
It showed that he owns no assets.
His largest source of income in the past year was $3,039 from working as an Uber driver.
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Did you get an email from the Biden administration saying they "approved" your student debt relief — and would discharge it as soon as court challenges are won?
Here's that judge and plaintiff holding up your relief:
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Just heard from a student debtor who took out $33k in student loans. Over the years, she's paid $20k.
Her balance TODAY is nearly 80k. This is a debt trap.
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To be clear: @JoeBiden has the legal authority to cancel 100% of student loan debt held by the federal government through powers called "Compromise and Settlement." Congress vested this authority in the Department of Education through the Higher Education Act of 1965.
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Yes, cancel student debt for doctors.
Yes, cancel student debt for lawyers.
Yes, cancel student debt for teachers.
Yes, cancel student debt for librarians.
Yes, cancel student debt for dentists.
Yes, cancel student debt for fast food workers.
Yes, cancel student debt for all.
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Sell it to us. We’ll buy it for market price and then cancel it.
Trump Administration Considers Selling Federal Student Loan Debt To Private Market, Report Says
go.forbes.com/Anq6t3
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If we say "cancel student debt" and you sarcastically respond with "what's next medical and housing debt?" we will genuinely respond with a yes and ask you to join our movement.
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Telling generations of young people that there isn’t enough money for free college or free healthcare and then spending billions to commit the gravest assault on Gaza really does elicit a very particular type of rage.
Nothing radicalizes a generation of debt burdened young people like sending 26 billion dollars to fund a genocidal terror state.
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‼️We just disrupted the Student Loan Servicing Alliance conference and confronted MOHELA CEO Scott Giles for blocking student debt relief and stealing money from borrowers’ accounts. They had nothing to say. Shame. #FireMOHELA
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ALT Employers steal billions from workers’ paychecks each year Survey data show millions of workers are paid less than the minimum wage, at significant cost to taxpayers and state economies Report • By David Cooper and Teresa Kroeger • May 10, 2017
Nearly a third of all shoplifting arrests in New York City last year involved just 327 people, the police said. Collectively, they were arrested and rearrested more than 6,000 times. nyti.ms/3UE1kJL
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We should collectively decide to never make a student debt payment again.
BREAKING: U.S. Treasury announces it will back Silicon Valley Bank deposits beyond the federally insured ceiling of $250,000. nbcnews.to/3LhFvwU
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Good morning. College should be free. It should be $0. It shouldn't cost money. Education is a public good that yields incalculable rewards for society. Learning should not be a commodity. Student loans shouldn't exist. Indebtedness for college attendance is a trap/scam.
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Let's be clear. Atlanta, GA is on a boil water advisory because local elected officials have chosen to prioritize the funding of violent police at the expense of local infrastructure, environmental safety and democracy. #StopCopCity
"We could've done a better job:" Atlanta Mayor Andre Dickens says city's communication during water main breaks hasn't been the best: 2wsb.tv/3KqrHig
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More Democrats just voted to restart your student loan payments than Republicans
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ALT The Drake Hotline Bling meme but with the Michigan Attorney General's face photoshopped onto Drake. The top reads "Prosecuting politicians who poisoned Flint's water" and she is looking away and putting up her hand to say "no." The bottom says "Prosecuting students peacefully protesting a genocide" and she is smiling and pointing to say "yes."
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Everyone, let’s take 5 minutes to dwell on this fact:
20 million beautiful human beings will have $0 of debt. We’ve moved mountains. Only a few more Himalayas left to go 😀
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The Biden administration is using your tax dollars to fund a genocide and making sure the genociders get free college in exchange for killing Palestinians—all while turning your student debt payment back on and failing to deliver on broad scale relief.
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🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱
ALT Screenshot showing an entity called "Liberty Farms Inc" got their government loans forgiven
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Today, House Republicans are holding a sham hearing to stop student debt cancelation. Here's how much college cost when they went to school—and how much it is today:
1. Virginia Foxx
Tuition Then: $310
Tuition 2023: $7,019
ALT Virginia Foxx
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Jared Golden represents Maine-02. We know there are at least 100,975 student debtors in his district that he voted against today.
Marie Gluesenkamp Pérez represents Washington-03. There are at least 93,749 student debtors in her district that she voted against today.
Shame.
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Stop & Frisk endorses Mass Incarceration
BREAKING: Billionaire Mike Bloomberg drops out of Democratic presidential race, endorses Joe Biden. apne.ws/5meSQ0y
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Notice how a weapons sale can happen instantly but student debt relief is “complicated.” Notice how Joe Manchin isn’t fuming about the “cost.” Notice how major editorial boards are quiet.
The Biden administration once more bypasses Congress on an emergency weapons sale to Israel apnews.com/article/us-israel…
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Canceling student debt creates jobs, boosts the economy, narrows the racial wealth gap, helps people become families and helps families buy a home.
Biden shouldn’t let that justice end because a dark-money group manufactured a lawsuit for two jerks willing to be political pawns.
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We told Senator Britt this bill would kill working people and she smirked as the elevator doors closed.
.@SenKatieBritt downplays polls showing the public broadly opposes the GOP spending and tax cut bill: “Look, the reforms in this bill are necessary. And we're going to deliver actual solutions to the American people. And I am excited about that. And I think, when the American people actually get to see this in fruition, they absolutely are going to be too.”
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Congress already sent a bill to the President...in 1965. It's called the Higher Education Act. In that bill Congress authorized the executive branch to cancel all federal student debt.
Reporter: "What about President Biden's campaign to forgive or cancel $10,000 of student debt? What is the message to those people who feel that he is yet to follow through on that promise?"
Psaki: "If Congress sends him a bill he's happy to sign it."
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ALT Mean Girls meme that reads "So you agree / eliminating student loan payments stimulates the economy"
The credit tracking company Trans-Union reports that over 1/3 of people with student loans on pause took on a new car payment over the last three years.
They could have made payments on their loan instead and have much less to no debt left.
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We might sound like a broken record but it's worth repeating: Joe Biden's Education Secretary can UNILATERALLY cancel ALL student debt. It's almost as simple as her waiving a magic wand. Here's some of the legal explanation behind it.
Thread.
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Unlike affirmative action, Joe Biden can act immediately today to make sure the supreme court doesn't have final word on student debt
No application. No notice and comment. He can cancel 100% of your student loans before the 4th of July
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The federal government is telling you they cannot afford to house you, feed you, educate you or heal you — but that they do have enough resources and scale to criminalize, assault, deport and incarcerate your neighbors simply going to work or taking their kids to graduation.
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New data: 40% of federal student loan borrowers refused to make their student debt payment in October.
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If Biden canceled student debt today, it would
- Narrow racial wealth gap
- Prevent Social Security garnishment
- Boost annual GDP
- Deliver COVID relief
- Accelerate homeownership
- Curb predatory military recruitment
- Help healthcare workers, teachers
- Eliminate debt for 45M
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You can’t make this stuff up.
ALT 9M student debtors got an email with the wrong subject line informing them their debt relief has been approved. Corrections coming soon.
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“Debt relief for me but not for thee.” -@RepMGP
Democrat Kristina Marie Gluesenkamp Pérez @RepMGP just voted to overturn student debt cancellation, and add months of interest back onto your student loan
She got her PPP loan forgiven by the government
1 out of every 8 people in her district has student loans
ALT Screenshot showing that Dean's Car Care, Inc got $63,861 PPP loan forgiven. From here: https://projects.propublica.org/coronavirus/bailouts/loans/dean-s-car-care-inc-2593037203
ALT Screenshot of Rep. Marie Gluesenkamp Pérez's LinkedIn showing she is the co-owner of Dean's Car Care Inc
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ALT A meme mashup. On the left Uncomfortable Nightclub meme guy says "CANCELLING STUDENT DEBT BENEFITS THE RICH," on the right "bro girl" meme replies "THE RICH DON'T HAVE STUDENT DEBT"
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ALT Headline from Forbes that reads: "Most GoFundMe Campaigns For Medical Bills Fail, Less Than 12% Reach Goals"
On my watch, health care is a right in this country – not a privilege.
ALT “All Americans deserve the peace of mind that if an illness strikes or an accident occurs, you can get the care you need.” – President Biden
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Student loan debt wasn't mentioned tonight — not once. #SOTU
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This debt ceiling bill permanently ends the pause on student debt payments. They won’t be able to extend the pause again. And we don’t know what the Supreme Court will rule on broader relief. Somehow Democrats think this is a win.
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Cool. Now do millionaires in congress who voted to pass tax cuts for millionaires
'SQUAD' GOALS: New documents may better explain why the progressive lawmaker has continuously pushed the president on student loans. Read the filings. trib.al/BZslFEy
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BREAKING: Republicans just released their higher education bill text. It's the most dangerous Higher-Ed bill in U.S. history.
It strips the Dept of Education of virtually every authority to cancel student debt. Eliminates every repayment program. Abolishes subsidized loans.
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vErY bAd FoR tHe EcOnOmY. tHoSe LoAnS nEeD tO bE pAiD.
ALT Screenshot showing that he got $94,791 government loan forgiven
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If you have federal student debt, you need to log into studentaid.gov and screenshot your payment history and loan details TODAY.
The Biden administration *just* created a tracker on the website. We don't know how much longer the tracker will exist. You need proof.
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This is a reminder that the current student debt forgiveness programs literally don't work. You know how many people — out of the 45 million student borrowers — have ever received cancelation through Income Driven Repayment plans? 32. Thirty-two. Not a typo.
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NEW: President Biden can cancel all federal student loan debt with a simple executive order. So, we wrote the entire executive order for him. All he has to do is sign this piece of paper.
>debtcollective.org/flick-of-…
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So powerful we don't have healthcare, housing, or education
So powerful our school teachers need second jobs and buy their own supplies
Such power. Much wow.
QUESTION: “Are the wars in Israel and Ukraine more than the United States can take on at the same time?”
POTUS: “We’re the United States of America for God's sake! The most powerful nation in the history of the world!” 1/
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More than 7 million people lost their unemployment benefits on Labor Day. The irony would be rich if it weren’t so cruel.
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We're fighting for a world where you don't have to fight unjust wars abroad to get education at home.
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Protest at noon at SCOTUS building
Time to keep Biden's feet to the fire to actually fight to cancel student debt. No more half-measures designed to give the GOP a chance to kill cancellation
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"we ended your child tax credit, resumed your student loan payments, and won't be saving your reproductive rights or your children" is one hell of a message Democrats have going into November
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Another failed launch by Elon Musks' SpaceX tonight.
Tesla's explodes. Twitter collapses. SpaceX crumbles. Everything Elon Musk touches turns to shit.
Let's call a spade a spade—Musk is a failure.
GeneDoctor
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ALT A screenshot from https://www.reuters.com/investigates/special-report/usa-slavery-lawmakers-overview/ showing Amy Coney Barrett's ancestor Joel J. Coney owned 21 slaves
BREAKING: The U.S. Supreme Court rules colleges and universities must stop considering race in admissions, putting an end to affirmative action in higher education. apne.ws/IPmvUPv
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There are working homeless people.
There are working homeless people.
There are working homeless people.
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NEWS: Morehouse College—an HBCU in Georgia—took every dime of debt they had in collections and transferred it to us.
Today, we're announced that we've canceled all of it.
Now, nearly 3,000 people—mostly Black men—can access transcripts and move on with their lives.
ALT Truthout article with headline reading: Debt Activists Bought $10M in Student Debt for $125,000 — and Canceled It All
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Pardon our student loans next.
Community note
Biden has worked to forgive student debt and worked to relieve billions of dollars of debt.
ed.gov/about/news/pre…
whitehouse.gov/briefing-room/…
However, the Supreme Court which has multiple Trump appointed judges shut down the forgiveness programs
scotusblog.com/2023/06/suprem
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The White House says we've had "two years" to get ready for student loan payments to restart.
Oh. Sorry? We were busy planning funerals for the 800,000+ people that died during this pandemic.
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Biden just claimed he doesn't believe he has the legal authority to cancel over $50,000 in student debt.
That is fundamentally false. He does.
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Not sure which day, but at some point this week the Supreme Court will rule on student debt relief.
You should know that Justice Alito took unreported luxury fishing trips paid for by billionaire Paul Singer—the same billionaire funding the lawsuits against student debt relief.
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Judge Mark Pittman is an unelected right-wing, Trump appointed, partisan hack joke of a judge in Texas.
One of the plaintiffs, Alexander Taylor, is a jerk who is suing against relief because he's getting $10k and not $20k because he didn't get a pell grant in undergrad.
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Not a single person's taxes went up when Mike got his PPP loans forgiven by the government
Not a single person's taxes will go up when we cancel all student debt
We can and should tax the rich for other reasons
ALT Mike got two PPP loans forgiven by the government, one for $43,800 and the other for $44,730
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According to the Supreme Court, the President can cancel the Department of Education but can't cancel the student debt that the Department of Education holds? Do we have that right?
BREAKING: The Supreme Court has granted the Trump administration’s request to temporarily pause a district court order that would require the Department of Education to reinstate nearly 1,400 employees who were fired earlier this year.
Justice Sotomayor dissented, joined by Kagan and Jackson.
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Democrat Kristina Marie Gluesenkamp Pérez @RepMGP just voted to overturn student debt cancellation, and add months of interest back onto your student loan
She got her PPP loan forgiven by the government
1 out of every 8 people in her district has student loans
ALT Screenshot showing that Dean's Car Care, Inc got $63,861 PPP loan forgiven. From here: https://projects.propublica.org/coronavirus/bailouts/loans/dean-s-car-care-inc-2593037203
ALT Screenshot of Rep. Marie Gluesenkamp Pérez's LinkedIn showing she is the co-owner of Dean's Car Care Inc
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Cancel all k-12 school lunch debt.
Cancel all k-12 school lunch debt.
Cancel all k-12 school lunch debt.
Cancel all k-12 school lunch debt.
Cancel all k-12 school lunch debt.
Cancel all k-12 school lunch debt.
Cancel all k-12 school lunch debt.
Cancel all k-12 school lunch debt.
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If Biden canceled all student debt, do you know how many people would finally be able to go to the dentist for the first time in a long time?
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It’s been six weeks since President Biden said he would make an announcement on canceling student debt “in a few weeks.”
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This week, 7.5M people will lose their benefits when federally funded emergency unemployment programs end. Millions more will see their checks cut by $300 a week. We aren't living beyond our means, we're being denied the means to live.
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Today marks Biden's 365th day in office. He promised to cancel student debt "immediately." He has failed to keep that promise.
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Will repeat: Student debt cancellation can be done by EXECUTIVE ACTION. We do not need, nor do we want, Congress to attempt to pass legislation. It would likely fail or not be enough. Biden cancel all of this debt with the flick of a pen.
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