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The Debt Collective Profile picture
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8 Dec, 8 tweets, 2 min read
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
8 Dec
Do you want to see a preview of the shitshow we all are going to face on Feb 1 if @JoeBiden @JamesKvaal and @FSACOO turn on student loan payments?

This crisis is avoidable. Let's avoid it.

🧵 as preview Image
On Aug 18, 2021 @Navient sent an email demanding a payment of $128.42 on a federal direct loan due Nov 1, 2021 even though the payment pause is still in effect.

This is the kind of totally false info Navient is sending millions of people. Image
This is all part of a game that @Navient plays. Half of the info they send you is false, the other half is accurate.

The fun is guessing which is which but be careful, your financial (and often physical) life depends on guessing correctly.
Read 9 tweets
The Debt Collective Profile picture
30 Oct
If your debt gets cancelled it will be in large part to people like Eileen Connor @ei_conn whose contribution really should have been included in this story. She's already cancelled billions of dollars of debt for millions of people. newyorker.com/news/news-desk…
Eileen gives the clearest explanation anyone has yet given for the the legal authority to cancel student debt here
For the more technical version, here is the memo @ei_conn wrote with @tobmer and Deanne Loonin that became the basis for @ewarren's plan for mass student debt cancellation.
assets.ctfassets.net/4ubxbgy9463z/2…
Read 4 tweets
The Debt Collective Profile picture
29 Oct
Look what we found!

The White House been sitting on the legal memo about their authority to cancel student debt since April 8. It is six pages long. No more excuses it is time to #CancelStudentDebt

newyorker.com/news/news-desk…
newyorker.com/news/news-desk…
It's time for us to take direct action to force Biden's hand.
actionnetwork.org/forms/sign-up-…
Read 5 tweets
The Debt Collective Profile picture
29 Oct
Exciting news today! We have purchased—and erased—$3M of private probation debt for over 20,500 debtors. This particular debt is gone, and with no strings attached. We've revived our Rolling Jubilee effort of abolishing debts that shouldn't exist!

Thread.
debtcollective.org
For less than $100,000, we bought over $3 million of debt — essentially 3 cents on the dollar — or 97% off. Our debts are sold on a market while we struggle to pay. So in an act of solidarity, we abolished this illegitimate debt for 20,000+ mostly Mississippians and Floridians. Image
We believe the entire prison industrial complex needs to be abolished—and debt for our own incarceration is wrong. This will take more than us buying debt. We'll have to organize. That's why TODAY we're launching an ABOLISH BAIL DEBT TOOL for Californians.
essence.com/news/nonprofit…
Read 4 tweets
The Debt Collective Profile picture
16 Sep
Ten years ago, activists took to Zuccotti Park in Downtown Manhattan — Occupy Wall Street. A lot of the social consciousness and left-wing ideas we know today were birthed in this moment. Thread—
Today, despite conservative and neoliberal naysayers who dismissed Occupy as a failure, the Debt Collective is one of many tangible and impactful offshoots of the 2011 uprising...
an uprising that has consistently challenged the notion of “who owes what to whom,” won billions of dollars in student debt cancelation for tens of thousands of everyday people, and formed the nation’s first debtors’ union. This matters.

> debtcollective.org
Read 11 tweets
The Debt Collective Profile picture
15 Sep
People simply cannot afford their student loans. With high cost of college attendance and skyrocketing interest rates, it's literally impossible to pay them back. Biden can cancel ALL federal student debt with the stroke of a pen, radically transforming our lives and economy.
A union of debtors can assert power and threaten collective action — what we call economic disobedience — by refusing to pay our debts. Can't Pay? Won't Pay.

Join our union
Debtcollective.org
Take action here: actionnetwork.org/letters/cancel…
Read 4 tweets

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