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The Debt Collective 🟥 Profile picture
@StrikeDebt
Dec 8, 2021 • 8 tweets • 2 min read • Read on X
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Good morning. Biden's law degree cost about $1,500.
He likely does not have a grasp on the comparative cost of college today.
It gets worse
*clears throat*
Virginia Foxx is always the first to criticize student debtors. She never mentions college was 313% cheaper when she went to UNC...
*sigh*
we'll just leave this here.
These prices are only compared to 2016 costs. But remember, tuition has risen expeditiously in just the past 5 years!

Find other members here:
demos.org/sites/default/…

Join our action in January to demand full student debt cancelation and free College.
actionnetwork.org/forms/sign-up-…

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More from @StrikeDebt

The Debt Collective 🟥 Profile picture
Aug 29
The Department of Education took down the Income-Driven Repayment (IDR) payment count tracker.

But we came across a hack that allows you to see that information by following these steps.

This works best in either Firefox or Chrome.

Quick thread.🧵
1. Log in to StudentAid.gov (we know, it sucks)

2. Paste this link into your browser: studentaid.gov/app/api/nslds/…

If using Chrome, click on the small box at the top that says "Pretty-print" to make the page easier to read.
While the information here isn't presented in the best way, it’s not too difficult to interpret if you read it carefully. This page lists every one of the payment plans— whether your loans qualify for that payment plan—and your number of qualifying payments for each plan.
Read 7 tweets
The Debt Collective 🟥 Profile picture
Jul 23
A lot is happening with federal student debt at the moment. Here is some of our thoughts — and what we think you need to know.
Trump and McMahon want to financially harm the nearly 8M people who are in the SAVE forbearance by restarting student debt interest on August 1.

Trump and McMahon are claiming the courts are forcing them to resume interest.

That is not true.
What does this mean? The typical student debtor will see their balance increase by $3,500 a year (roughly $300/mo). Do you have an extra $3.5k just lying around? Probably not. They are choosing to hurt people because they want to hurt people. This is class war, pure and simple.
Read 16 tweets
The Debt Collective 🟥 Profile picture
Jan 15
If you have federal student debt, you need to log into 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.studentaid.gov
grab this Image
click on this Image
Read 4 tweets
The Debt Collective 🟥 Profile picture
Dec 28, 2024
The next four years of the Trump administration will be very, very tough. With the few weeks Biden has left, he needs to do everything he can to mitigate harm. We need an unprecedented level of foresight and protection before Trump's unprecedented level of damage.
If Trump uses the Comstock Act to ban abortion nationwide, we should not have to look back and ask why Biden never used his powers to preemptively pardon anyone considered to have "violated" the act's abortion provisions. Or why he didn't enshrine repro rights in the Constitution
If Trump garnishes Social Security checks from seniors who can't afford to pay their student loans, we shouldn't have to ask why Biden never canceled the debt of older borrowers on his way out. Or why he never fired MOHELA, the servicer that gives Rs legal standing to sue.
Read 5 tweets
The Debt Collective 🟥 Profile picture
Dec 3, 2024
This is a good question, and a reasonable response if you're actually following along. To get what we're saying, you should understand how Biden's first attempt at relief actually went down.

Biden *announced* relief but never actually canceled any debt. A shorter thread:
Biden made an announcement that he would cancel $10k-$20k for all.

A week went by. 2 weeks went by. Then a month.

FIFTY DAYS passed. And *then* an application to apply for relief came out. People started applying—even getting approved. And then lawsuits came.
Many of those lawsuits didn't stick, but one did. They got an injunction and halted the process of relief before it could get out the door.

This is important to understand: nobody's debt was ever canceled.

So what does that mean? And what are we saying?
Read 7 tweets
The Debt Collective 🟥 Profile picture
Dec 3, 2024
We often tweet "cancels student debt" and then someone replies with "the Supreme Court stopped Biden, he can't do that!"

A few reasons why that's not true. First, you need to understand what the court said to understand why this response doesn't hold water:
The Supreme Court ruled Biden could not cancel student debt *using* the HEROES authority *at* that time because they said COVID was no longer.

(Probably didn't help that Biden was also going around saying COVID is over while arguing in court that there's an ongoing emergency)
So if there were *a different* emergency going on — say, a climate emergency or national public health emergency or war or something! — Biden could use HEROES and try again.

This also means Biden can cancel student debt with *a completely different legal authority.*
Read 9 tweets

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