The student debt moratorium expires Dec 31. @JoeBiden gets inaugurated Jan 20. This means we might be facing a 3 week gap before Biden can #CancelStudentDebt

Here is a *zero-risk* way to protect yourself. Change the due date with your servicer to the 28th of the month
The process will look a little bit different depending on which servicer you have. Call them if you can't figure it out.
Here's how you would do that if your servicer is Great Lakes
Here is how to do this if your servicer is Navient
Here is how to do this if your servicer is Nelnet
Here's how to do this if your servicer is EdFinancial
edfinancial.com/Help-Center/Po…
MOHELA makes you call them to change your due date. You can call at 888-866-4352
Here is how to change your due date if your servicer is Cornerstone mycornerstoneloan.org/due-date-chang…
If your servicer is Granite State they don't have any info about how to change your due date, but you still have the right to choose any date you want between the 1st & 28th. Call them:
gsmr.org/Contact-Us
Same with OSLA, you have to call them to change your due date:
public.osla.org/Contact.aspx?I…
Same with ECSI, you have to call them to change your due date:
efpls.ed.gov/bwr/contacts.h…

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More from @StrikeDebt

18 Nov
Here, we make the moral case for refusing to pay your debts. (1/8)
Both Gandhi and MLK Jr. distinguished between just laws and unjust laws. We have a moral obligation to cooperate with just laws, but we also have a moral obligation to refuse to cooperate with unjust laws. A similar distinction exists with debt.
There are just debts and unjust debts. We have a moral obligation to pay just debts, and a moral obligation to refuse to pay unjust debts.

So the question is: what do we really owe and to whom? What should we owe to the 1% and what do they owe to us?
Read 8 tweets
11 Nov
In 2012, we bought over $32 MILLION worth of debt for just PENNIES on the dollar. But instead of collecting it––we abolished it! This is how debt cancellation became a big thing!

Here's why debt is so cheap & how we pulled off such a big stunt that we called "Rolling Jubilee."
All in all, we raised about $700k from small dollar donations and abolished over $32M in student loan and medical debt – a bailout BY the people FOR the people.

How? Well, personal debts get bought and sold for pennies on the dollar by a shadowy network of debt buyers.
Credit card debt, payday loans, private student loans and medical debt get bought and sold as "investment opportunities" on a secondary market for an average of 4¢ on the dollar.

It's an incredibly lucrative, predatory industry because it literally invests in people's pain.
Read 13 tweets
8 Nov
You and your family can go broke.
The United States cannot.

Instead of fearing government deficits, we should ask what the deficits are for. Let's quickly debunk the suggestion that we somehow "can't afford" to cancel student debt for 45 million Americans.
The money for these policies exists. It belongs to us––the public. The federal budget isn't like a household budget. The US government doesn’t have to have the money in advance (by raising it through taxes, for example) because it is the issuer of the US dollar.
The US isn't financially constrained in the way households or some countries are. While federal spending has to be managed and dollars have to be spent in ways the economy can absorb, US gov debt (aka the deficit) is actually sustainable, unlike our personal debt which isn't.
Read 5 tweets
7 Nov
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.
The Higher Education Act grants ED the authority to “compromise, waive, or release” any claims it has against student debtors. This settlement authority has existed since congress first created student loans – the first loans were created w/ the National Defense Education Act.
The NDEA gave the Commissioner of Education the “power to agree to modification of agreements or loans made under this title and to compromise, waive, or release any right, title, claim or demand, however arising or acquired under” the National Defense Education Loan program.
Read 10 tweets
7 Oct
Fun fact, many of those students are still waiting to get their debt discharged because @arneduncan & @JohnBKing & @BetsyDeVosED would team up to screw them over

We have the receipts

A Biden/Harris admin will need to make a clean break from this disgraceful past
.@AaronSAment

Receipts:

We prepared a simple two page document that would have discharge all debt for all defrauded Corinthian students. All it would have taken is one signature from
@arneduncan
. He refused. Most Corinthian students still have their debt as a result.
.@AaronSAment

Receipts:

@JohnBKing could have canceled all of this debt instead of throwing Corinthian students to the wolves after Trump won. He hardened his heart and refused.
vimeo.com/194002892
Read 8 tweets
7 Oct
In an effort to dismiss the idea of cancelling all student loans, folks will often say that it would be a "big giveaway" to the upper middle class, or in other words "regressive."

In reality, cancelling student debt would actually benefit low income borrowers the most.

Thread.
There's a deep class bias in how we finance higher education. Even though some middle class/wealthier people have student debt, lower-income borrowers, especially Black and brown people, have higher balances and are more likely to leave school because they can't afford to pay.
Cancelling student loans would restore our commitment to education as a right while disproportionately benefitting the people who need it most. Why are we having a hard time paying down our debt?

Because the cost of college has gone up but our pay hasn’t.
Read 9 tweets

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