The Debt Collective 🟥
@StrikeDebt
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The nation’s first debtors’ union, organizing to build power with debt as leverage. You are not a loan! Press: press @debtcollective .org
Joined June 2012
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TLP LETS GET BACK TOGETHER
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Pinned Tweet
‼️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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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
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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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Today, two Democrats voted with Republicans to say that not only should student debt relief be repealed, not only should the pause on payments end, but that you should make *retroactive* payments from previous months.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
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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Good morning. Biden's law degree cost about $1,500.
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5 years of free community college was stripped from BBB because it cost 0.05% of this.
BREAKING: The House just passed a $768,000,000,000 defense bill. What an absolute disgrace.
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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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Guess how many paid sick days members of Congress get?
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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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This you blue check?
@StrikeDebt
Anyone who gets debt cancelled should lose the privilege of securing any new debt for 10 years.
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Now do insulin
Anyone who wants a COVID-19 test should be able to get one. Period.
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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.
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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.
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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:
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More Democrats just voted to restart your student loan payments than Republicans
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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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Uhh, not resume student loan payments
what do the "Biden lost my vote because he's resuming student loan payments" people expect him to do
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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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🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱
@StrikeDebt
and they should all be taken to collections and have their wages garnished.
PAY YOUR DEBTS
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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
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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.
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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
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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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"I don't have legal authority to cancel student loans"
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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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@StrikeDebt
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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Student loan debt is a U.S. military recruitment tool.
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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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Some things should be beyond politics, like funding the post office.
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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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“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
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Shhhh, you're not supposed to say the quiet part out loud. Debt is a form of social control.
Student loan forgiveness undermines one of our military’s greatest recruitment tools at a time of dangerously low enlistments.
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On my watch, health care is a right in this country – not a privilege.
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Not talked about enough, but we need to cancel private student loans too.
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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.
Reuters: BIDEN SIGNS BILL RAISING DEBT LIMIT INTO LAW - WHITE HOUSE
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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.
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vErY bAd FoR tHe EcOnOmY. tHoSe LoAnS nEeD tO bE pAiD.
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The average student debt payment is $400+ and you cannot file for bankruptcy if you default.
US Vice President Kamala Harris says most Americans are a $400 expense away from bankruptcy.
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Bill Maher fails to mention that when he went to Cornell in 1974 tuition was only $3,000.
Student loan forgiveness is a loser issue for the party that wants to win back the working class.
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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.
>
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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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@codeofvets
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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Hmm.
Silicon Valley Bank’s shareholders and executives lose it all, as they should. Depositors in good faith, however, should recover and have access to their deposits in order to meet their payrolls, pay their suppliers, and to prevent contagion.
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The student debt crisis was $1.8 trillion yesterday, but thankfully Biden canceled nearly $6 billion, which means the student debt crisis is at $1.8 trillion.
Today, the student debt crisis reached $1,838,998,929,712
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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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There are working homeless people.
There are working homeless people.
There are working homeless people.
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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.
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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.
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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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cancel student debt to make it harder for the military to recruit
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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
@JoeBiden
Quick question, who is paying for all of this? Oh that’s right, me the taxpayer.
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A university named after two robber barons would like you to know that their values are aligned with Jeff Bezos and colonial brutality
A statement regarding recent social media posts by Uju Anya.
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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
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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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Biden can cancel all $1.7 trillion of student debt by executive order.
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Cancel student debt!
"Wow, what's next, canceling medical debt?!"
Yes.
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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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Joe Biden should have cancelled student debt 100 days ago.
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Justice Clarence Thomas ruled against student debt cancellation because he thought it wasn't "fair" to everyone else. Meanwhile, the GOP helped him erase his debts so they could buy his allegiance to a tyrannical right-wing judicial agenda. Nothing but corruption and hypocrisy.
NEW: In 2000, Clarence Thomas was deep in debt.
He met w/ a GOP Congressman & complained about his salary.
The GOP started to fear he’d leave the court.
In the years that followed, billionaires lavished him w/ secret gifts.
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Your rent is going up.
Your kids' tuition is still high.
Your Child Tax Credit is gone.
Your health insurance is still expensive.
And Joe Biden wants you to resume student debt payments just because "it's time."
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why did student debt relief increase voter turnout in 2022? because this is what 45 million people are thinking every day
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Folks. Apply for student debt cancelation now here:
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Billionaires aren’t free. We all pay for them with our labor, our lack of healthcare, our student debt, our sky high rents, our crumbling infrastructure and our boiling world
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how the democratic party expects you to act every time Biden announces he's canceling $16 worth of student debt for 200 people
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A Supreme Court decision on student debt relief will come in a few days. If the Supreme Court rules against relief, here's a reminder of why:
Myra Brown & Alexander Taylor—who aren't actually harmed by this policy—served as political pawns for conservative dark-money groups.
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Let’s be very clear: If Biden cancels student debt—and makes people apply for their own relief—millions of struggling Americans will not get the relief they are owed. We need cancelation to be automatic and universal.
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This is literally a lie.
Student Loan Cancellation Won’t Stimulate The Economy, According To New Research
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Joe Biden can literally make your student loan balance go to $0.00 without Congress.
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