As of right now, Biden is still planning to turn on federal student debt payments on September 1, 2022. That’s forty-eight days from now. The payment pause, if you need a reminder, is a Trump-initiated policy from March 2020, which Biden has continued to warm-up and serve to the American people. Meanwhile, we’re still waiting on Biden’s big promise to cancel student debt. Here at the Debt Collective, we’re not holding our breath: we’re organizing.
That’s why we’re getting ready to go on a debt strike – withholding payments for money we never should havve had to borrow in the first place.
As prices reach record highs and wages fall to record lows, turning on student loan payments is nothing but a cruel blow to working people, struggling to make ends meet. Millions will not be able to pay, and may risk falling into default. We can’t pay – and we won’t pay. <
Debt strikes are not a joke and we don’t broach calls to go on debt strike lightly. For many people, there are safe ways to get to $0 monthly payments, therefore refusing to pay into an unjust system.
This is why we are having a DEBT STRIKE INFO SESSION on Tuesday, July 26 at 7:30PM EST to discuss options for safely striking. Whether you are strike-ready or strike-curious, join this session to know what options are on the table for you to fight back against the creditocracy.
We’re not in debt because we live beyond our means; we’re in debt because we’ve been denied the means to live.
In other words, we didn’t start the fire.
See you Tuesday.
XOXO,
The Debt Collective