Student Debt & Debt Forgiveness

[Webster]

Democracy Now: Debt Collective’s Astra Taylor on Biden Plan & Need for Full Student Debt Relief

In a much-anticipated move, President Biden has signed an executive order Wednesday for student debt relief that could help more than 40 million borrowers by canceling up to $20,000 of their federal loans. Many advocates for canceling student debt say Biden’s plan doesn’t go far enough, while Republicans decry the plan as “student debt socialism.” We speak to Astra Taylor, writer, filmmaker and co-director of the Debt Collective, a union for debtors and one of the original advocates for a debt jubilee that would cancel all student debt. Despite the mixed reaction, “this is incredibly significant when you think about where we began as a movement not that long ago,” says Taylor, who also notes that debt strikes and the fight for full cancellation will continue.

 

[WHO IS SERAFIN]

Oh how the free loaders are all going to be sad when the courts say no the president just can’t hand out money so you don’t have to pay for debt you freely excepted.

 

[Webster]

Oh how the free loaders are all going to be sad when the courts say no the president just can’t hand out money so you don’t have to pay for debt you freely excepted.

Or they could just flat-out refuse to pay and force the issue, one way or the other......

 

[WHO IS SERAFIN]

Or they could just flat-out refuse to pay and force the issue, one way or the other......

That’s fine then they have ruined their future for at least a decade when they can’t buy anything or get other future loans.

 

[Webster]

That’s fine then they have ruined their future for at least a decade when they can’t buy anything or get other future loans.

Then the next thing that should happen is making student loans dischargeable in bankruptcy.

 

[WHO IS SERAFIN]

Then the next thing that should happen is making student loans dischargeable in bankruptcy.

Jail time to pay off your debt would be better.