Trump is taking the next big step in his anti-working class agenda by forcing millions of people to resume student loan payments. But the debt crisis was caused by both corporate parties.
The politicians, including the Biden administration, have done nothing about it – not because they can’t, but because they choose not to.
Credit: @pslnational on Instagram
How to prepare for collection of defaulted student loans : NPR
#StudentDebt
https://www.npr.org/2025/04/23/nx-s1-5372332/student-loans-default-collection
Another move to inflict maximum pain on low-income student loan borrowers.
Education Dept. plans to restart debt collections for defaulted student loan borrowers https://www.msnbc.com/top-stories/latest/student-debt-collections-restart-department-education-rcna202445
#studentloans #studentdebt #studentdebtcrisis #education #economy
2/3:
...the rate of inflation. Open educational resources are a powerful response to these ills, using Creative Commons licenses to get free -- and often better, more adaptable! -- learning materials into the hands of students. Open education can be thought of as a kind of positive analogue of the previously discussed Weapons of the Weak in the battle against fascism.
#Resist #Resistance #OpenEducation #OER #StudentDebt #TextbookCost
#CreativeCommons
It isn't fair for me to be charged a "penalty" by my college because I have fallen into worse poverty and cannot even afford a daily allowance for college or for petrol. I needed them to extend my semester, but they insisted on a penalty of RM400. I believe I must pay this when I re-enter college in July. However, I have decided not to pay it immediately, but rather to have a conversation with the staff first to discuss the matters behind the penalties that justify them being charged to me, and why I am being penalized due to my hardship (poverty) and need for a hiatus. #StudentDebt #PovertyIsNotACrime #EducationForAll #KrisisKewanganPelajar #MahasiswaMalaysia #KenaikanYuran #AcademicExploitation #FightTheFee #EducationApartheid #WaiveTheFee #StopStudentPenalties #SolidarityNotFines #CostOfLivingCrisis #YouthInDebt #BrokenEducationSystem #MalaysiaBoleh #ReformasiPendidikan #Malaysia #MSU #MSUCollege #Education #Vent #Hardships
#WhatsMissing: The "#AntiThiel - #Grant":
Pays #StudentDebt, back-owed #taxes and #RenounciationFee for anyone fleeing the #USA and migrating overseas, regardless if seeking #Asylum, #Naturalization or whatever.
Only condition is the people renounce their #US citizenship either instantly or as soon as they have attained another #citizenship (as #statelessness is a problem for the #stateless!)…
Sadly I'm not a #billionaire, cuz otherwise I would've done so and hired people to be able to do so.
oh shit .. 05:15 in the morning
just spend a night researching #US #consumer houshold #debt, without noticing
at least you can profit of my stupidity because I'm telling now that the world is clearly headed into a 2008 style global #EconomicCrisis
epicenter will again be the #USA
this time it isn't going to be just a #mortage default crisis but a everything default (#AutoLoans, #CreditCard, #StudentDebt, ..)
and the trigger is #tariffs & #doge adding to an already financially hurting nation
Maybe the fed doesn't cancel student debt because it's been the #1 asset on the US balance sheet for decades making it a massive factor on the value of the dollar #politics #economics #studentdebt
The Department of Education has proposed plans for even more #StudentDebt cancellation. Read about the plans here: https://studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info
And submit your public comment: https://www.federalregister.gov/documents/2024/04/17/2024-07726/student-debt-relief-for-the-william-d-ford-federal-direct-loan-program-direct-loans-the-federal
Particularly, if you can testify to how the proposed rule would affect you specifically (or how debt covered by the proposal is burdening you), that's most helpful.
I don’t agree with Biden on everything, but I totally support his continual effort to find ways to cancel more student debt.
(And yes, of course I’m voting for him.)
h/t @w7voa
I'm about to have to pay an extra $600 a month because my wife and I went to college 20 years ago. They weren't expensive private schools either, just state universities.
Our daughter is a senior in high school. Not sure how I can pay for her college when I can't pay for mine.
Thanks, Republicans!
Weiner and Newsom gutted #CEQA instead of solving the problem of private unaffordable housing: luxury units with amenities that students say they don’t need and increasing pressure on the cost of other #student #housing in the #private #rental market. In many cases #studentdebt load is as much about housing costs as it is about #tuition.
#regulatorycapture #SocialHousingNow #RightToHousing
https://www.thenation.com/podcast/society/if-you-want-to-reform-the-court-reform-the-media-The
court went #fullRepublican and damaged #gayrights and the right to #strike. It took shots at the #environment and it overturned President Joe Biden’s #StudentDebt Relief and yet a lot of the #mainstream #media coverage suggested that the court turned #moderate and worked hard to achieve mainstream consensus this past term.
#KhashoggiMoment
Kagan ripped him a new one & he got all Lindsey Graham like offended.
John Roberts Is Already Frustrated With the Response to #SCOTUS Killing #StudentDebt Relief - Slate https://apple.news/ANR6PfZyFQf2VmsICHMrm2Q
Ian Millhiser also wrote a good piece on the Supreme Court's student debt ruling, but so did Mark Joseph Stern:
"Chief Justice John Roberts’ decision in Biden v. Nebraska blazed past a clearly insurmountable standing problem to scold the president for even trying to use the law according to its own plain terms in order to offer mass debt relief in the wake of the COVID-19 pandemic."
Best suggestions on Student Loan Payments I have read. Go read it...
https://www.brookings.edu/blog/brown-center-chalkboard/2023/04/23/key-lessons-for-the-u-s-from-analyses-of-student-loan-systems-all-around-the-world/
#studentdebt
Chemerinsky: Student loan relief cases will have lasting effects whatever Supreme Court decides
"No matter what the U.S. Supreme Court does in the cases involving the Biden administration’s student loan relief plan, there is sure to be a major effect on many people’s lives and on the law."
New website launched today by the nation's first academic center focused solely on student debt and the law features:
- unique resources on ongoing developments in #StudentLoan law and regulation,
- key information on SLLI’s efforts to support #StudentDebt scholarship, and
- a one-stop tracker for facts and materials on litigation related to the Biden Administration’s student #DebtRelief plan.
Website: https://www.slli.org/
"Cancelling student debt is in our greater public interest—and it’s vital for racial equity and justice."
– Zoë Polk, Executive Director of the East Bay Community Law Center, on the critical importance of student loan forgiveness.
To Save Legal Aid, Expand Public Service Loan Forgiveness
http://ow.ly/bwat50LRQPS via @npquarterly
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