Pausing student loan payments for two years has had ONLY a positive effect on the economy and a positive effect on 45 million+ people’s lives.
That tells us everything we need to know. They should all be cancelled for good.
#cancelALLstudentloans
#CancelStudentDebt
My student debt increases $707 a month.
You can see the balance from 10/30 compared to 11/30.
More than 40% of the debt is interest.
#studentloans
#CancelStudentDebt
I'm going to lose followers for saying this... that's OK.
When payment pause started in March 2020, I believe it was partly the intervention of a Greater Force.
I had been saying daily affirmations asking to help people w/ student debt. (And I actually have a receipt of this.)
@AdultingIsEasy
Legitimate loans in the U.S. are Constitutional with standard consumer protections such as bankruptcy protection.
#studentloans
were uniquely stripped of these protections. Terms of loans can be changed unilaterally. That is why I support
#CancelStudentDebt
.
If student debt was cancelled, the "I paid my tuition in cash in 1973" reply guys would be mad for maybe a week and then forget about it.
Meanwhile, 45 million Americans would have their lives completely changed and would NEVER forget.
#CancelStudentDebt
#studentloanforgiveness
Biden could cancel student loan debt today.
Sinema can't stop him. Manchin can't stop him. The GOP can't stop him. The freaking Senate Parliamentarian can't stop him.
He could score a massive win for millions of Americans AND for his administration, and yet he won't.
No way on Earth the American people are going to let student loan payments restart on December 31.
At this point, student loans are between
@JoeBiden
and God.
#CancelStudentDebt
#CancelStudentDebt
will NEVER go away.
1- VAST majority (80%) of
#studentloans
will never be repaid, according to anyone credible who has seen data.
2- Problem will only keep GROWING and GROWING due to runaway predatory interest on the BAD DEBT.
Cancellation is inevitable.
Today, $300 Million in interest/profit will accrue to the Department of Education and it's student loan machine.
And tomorrow. And the next day. And....
If you support
#CancelStudentDebt
& the payment pause extension, but don't know what
#S2598
is, please check out the
#S2598
tag.
It's the bill to restore bankruptcy protection to student debt. It's the golden key that unlocks the solution to the whole student loan disaster. 🔑
Just curious if anyone in
#CancelStudentDebt
actually believes federal student loans should exist at all.
My position is either make higher education free OR private loans w/FULL consumer protections (bankruptcy, statute of limits, etc.)
Current system = worst of all worlds!
@MrRJNKNS
It feels like so many people realized they've FINALLY had enough.
For so many years, I was too ashamed of my loans to discuss them w/ anyone. I think the private shame of having debt is what has allowed this massive problem to hide in plain sight for so long.
#CancelStudentDebt
Most people who are "against"
#CancelStudentDebt
are just coming from a data poor perspective and do not understand how the predatory system keeps people in debt by design.
There are bad actors, sure, but most just haven't looked into the issue enough.
#CancelStudentLoans
Biden’s evil plan worked. The 10K cancellation scam (for which you still can’t even apply 😂) sucked all the energy out of the
#CancelStudentDebt
movement.
If
#S2598
and
#HR9110
don’t pass, it’s game over for people with six figure debt at least for the foreseeable future.
Meet a 37-year-old with $108,100 in student debt who lives in a school bus because rent is unaffordable: 'Student-loan debt is by far my biggest regret':
#CancelStudentDebt
My first
#CancelStudentDebt
tweet on X.
Since 2006, when Twitter launched,
#studentloans
have grown from $500 billion to almost $2 TRILLION.
Student debt has TRIPLED in just 17 years! 🤯
Student Debt Stages Of Grief
Denial: 75% of borrowers unable to pay is no problem
Anger: They should just pay it back!
Bargaining: We'll lower the interest or something
Depression: This lending system is not fixable.
Acceptance:
#CancelStudentDebt
#S2598
@SecCardona
@ossoff
People over 35 owe more student debt than people under 35 and they owe 50% more debt.
Student debt is a not a "millennial problem" - it's a failed lending system problem.
#CancelStudentDebt
#CancelStudentDebtNow
I honestly can’t read one more god damn tweet from a shameless, insufferable millennial literally begging the government to
#CancelStudentDebt
. You’re clowns. All of you. Aren’t you embarrassed? You should be ashamed..
The "college wealth premium" shows college grads build less wealth -- but only in U.S. !
"They analyzed the data through the lens of wealth, as opposed to income, the benefits to a college degree began to EVAPORATE."
#studentloans
#CancelStudentDebt
SoFi has bankruptcy protection for when their evil company goes bankrupt next year.
But we still don't have bankruptcy protection on our student loans! (even though it's in Article 1 of Constitution) 🤦
#CancelStudentDebt
#studentloanforgiveness
SoFi listened to oral arguments at the Supreme Court and concluded that the Biden administration would continue the student loan pause until mid 2024 and decided to act while they're still a company (note: one of their competitors Commonbond went bankrupt waiting for it to end)
The national debt will NOT increase if
#CancelStudentDebt
happens.
"That’s because federal student loan debt is already included in the national debt."
⬇️ Great article ⬇️
“But if Joe Biden signed an executive order tomorrow, the government won’t pay out a dime and those costs certainly don’t have to be shouldered by everyday taxpayers at the expense of programs like Medicare or social security.”
#CancelStudentDebt
A former employee at a major student-loan company says workers 'literally cannot help' some borrowers when they're in trouble: 'The idea of actually paying off a loan is virtually impossible'
#CancelStudentDebt
.
@marcorubio
admitted on
@FoxNews
he had over $100K in student loans the day he was elected to the senate.
He paid his off by getting a big advance for a book. (Same way
@BarackObama
paid off his student loans.)
I guess all 45 million need a book deal?
🤨
#CancelStudentDebt
75% of all federal borrowers were “not making headway” on their loans (they were either unable to pay, or were paying, but their loan balances were increasing).
- Source: Betty Devos, U.S. Department of Education Secretary, 2019
#CancelStudentDebt
#S2598
#ExtendThePause
Student debt is going to be a MUCH BIGGER issue in 2024 than many realize.
It is like the subplot in a TV show that surprises you by turning out to be the key to resolving the main plot. Wait and see! 😉
#ExtendThePause
#Bankruptcy
#CancelStudentDebt
Getting some replies where people try to cast doubt
@POTUS
can cancel debt through executive order.
Reputable legal scholars say YES.
@StrikeDebt
has researched and says YES.
Not really worth arguing with disbelievers as I am not an attorney.
#CancelStudentDebt
The Student Debt Clock says...
Over $2 TRILLION now in
#studentdebt
It was only $1 Trillion in May 2012.
Took less than 11 years to double.
#CancelStudentDebt
Strange but TRUE...
I also have a student loan in the NSLDS that is listed as being taken out in 1901.
That would mean I have been in
#studentloans
repayment for 122 years! As a possible vampire, can I qualify for IDR cancellation,
@POTUS
and
@SecCardona
? 🧛
#CancelStudentDebt
The
@usedgov
's records for student loans they are collecting are extremely shoddy & riddled with errors. How absurd is this?
@ashleypizzuti
highlights this case where the Dept of Ed thinks they took out the loan in 1901
Do they think this student debtor is a vampire?
#negreg
If they can remove bankruptcy protection from student loans, it sets a terrible precedent. In the near future, will they also remove bankruptcy protection from medical debt? (They are trying.)
@StudentLoanJus1
mentioned this and it's a very important point.
#CancelStudentDebt
So many good people are still going through the "shame" phase of having predatory
#studentloans
. When they all realize it is failed lending system problem rather than a personal failure,
#CancelStudentDebt
will really take off.
This is truly just getting started!
@escaperabbit
@Alison06044825
@MrRJNKNS
#1
way society perpetuates debt is to shame and, thus, isolate the borrower. The more shame there is in discussing the challenge, the longer it takes to find (or demand) a solution.
We’re all empowered by sharing our experience with student debt.
#CancelStudentDebt
Recently
@StudentLoanJus1
posted a link to the very first article written about whether student loans can be cancelled by EO. It was written in... August 2019. Shows how fast
#CancelStudentDebt
has changed the national conversation. No stopping us now!
Student loan borrowers facing problems with their servicer shouldn't have to repay their debt until the issues are resolved, 19 state attorneys general say.
When you look at the MINDBLOWING numbers, it is hard to say, "This whole problem exists because one dude named Jeff made a bad decision about where to attend college."
It's not individual students, it's the whole lending system that has completely failed.
#CancelStudentDebt
@SecCardona
If you were on our side, you would use HEA to
#CancelStudentDebt
TODAY.
You are doing everything possible to keep the predatory lending system going. But you will fail.
A big welcome to those new to
#CancelStudentDebt
!
Lots of GREAT INFO to read about the predatory student loan racket at
With nearly $2 TRILLION in debt, you are DEFINITELY not alone!
Welcome to the party! 🎉
#studentloans
#studentloanforgiveness
Forty-four percent of Americans in the latest ABC News/Washington Post poll say they've gotten worse off financially under Biden's presidency, the most for any president in ABC/Post polls since 1986.
#CancelStudentDebt
#studentloans
#Biden2024
First
#CancelStudentDebt
tweet on new laptop! My old computer finally died. Maybe I sent too many messages to
@POTUS
and
@SecCardona
asking them to
#CancelALLStudentDebt
.
To the haters/trolls: No, this affordable laptop is not what prevented me from repaying! Go suck on an egg!
@SecCardona
Student debt isn't debt with standard consumer protections. It's a debt you can't discharge in bankruptcy. A debt that stays with you forever.
Is YOUR life purpose to keep your fellow Americans in debt,
@SecCardona
?
#CancelStudentDebt
#S2598
#HR9110
🔊 Our members have a message for leaders: It's time to
#CancelStudentDebt
.
Today
@GAEvoices
member Emily Robinson spoke with the Senate Banking, Housing, and Urban Affairs committee to share her story about student loans and
#PSLF
:
.
@NPRCoryTurner
You did a great job exposing IDR mismanagement for student loans.
Are you aware new servicers Aidvantage and Nelnet still do not have IDR payment records which should have been transferred last December?
#CancelStudentDebt
"If you cannot lend money in the presence of bankruptcy protections, you have no business lending that money." - Alan Collinge
Support
#S2598
to restore bankruptcy protection to student debt.
#CancelStudentDebt
#CancelStudentLoans
Some of you on Twitter are 100% completely against
#CancelStudentDebt
.
And yet, you begin to get a nagging feeling that if the government can remove all standard consumer protections from student debt, it can (and will) remove all protections from your own debt as well.
@SecCardona
Stop blaming Republicans and playing good cop, bad cop. Just
#CancelStudentDebt
through HEA immediately. Cancel it all with no forms, no means testing, delete the balances. THEN let Republicans try to stop it AFTER you have already cancelled it.
If you're not worried about
#CancelStudentDebt
because you are in an Income Driven Repayment program, the IRS has a nice surprise for you when your loan is finally "forgiven".
💥 It's called the TAX BOMB.💣💥
After 2025, "forgiven" loans are counted as taxable income.😩
45 million voters with student debt
Can each convince only TWO people close to them to vote based on
#CancelStudentDebt
?
That's 135 MILLION VOTERS -- 40%+ of U.S. population -- and WE WIN
Great advice for anyone in the
#CancelStudentDebt
space!
Stay alive, you are not alone, you are not a LOAN.
Payments have been stopped over 3 years.
(Spoiler: The lending system has ALREADY FAILED!)
If you leave now, you'll miss the best part of the show.
Since
#DaveRamsey
is trending.
Ramsey is against
#CancelStudentDebt
and bankruptcy protection for
#studentloans
.
And yet, he signs people up for private student loans himself through his sponsor Splash Financial. 🤑
He’s OK with you in debt if he profits!
GREAT ALTERNATIVES to Dave Ramsey for wealth building advice.💵
Both support restoring Constitutional bankruptcy rights to student debt.
Clark Howard
@ClarkHoward
(Great website & podcast)
Nick Maggiulli
@dollarsanddata
(Great blog and book)
#S2598
#HR9110
@StudentLoanJus1
Shout out to all the people with PRIVATE LOANS. I wonder if there has been any progress on
#HR4907
, the bill to help people with private
#studentloans
?
These people can't even benefit from the payment pause.
#CancelStudentDebt
@escaperabbit
Could you add in people with private loans? Cuz we haven’t gotten help of any kind. We got 3 months of forbearance during COVID in which interest was still accumulating. That’s it. No real breaks. No help. Nothing.
I applaud people tweeting about SERIOUS PROBLEMS and FRAUD they are experiencing w/ STUDENT LOAN SERVICERS
Please keep documenting for consumer rights advocates. Media only reporting fraction of problems w/ these crooks!
#CancelStudentDebt
#studentloans
QUESTION:
Why didn't you just skip college so you wouldn't have student debt?
ANSWER:
In the U.S., LIFE EXPECTANCY has been FALLING for adults without a bachelors degree.
#CancelStudentDebt
#ExtendThePause
Nah, it’s the debt too. Degrees with unrealistic debt to income ratios due to inflated tuition. Unforeseen changes in life circumstances (like pregnancy or illness) where people can’t pursue careers they had planned on. General bad economy. Many reasons.
#CancelStudentDebt
Discussion questions for talking about the $2 Trillion Student Loan Crisis:
1. What does a legitimate consumer loan look like? (Start with that.)
2. How is a student loan different than
#1
?
#CancelStudentDebt
#studentloans
#SCAM
@SecCardona
@TheJusticeDept
Just
#cancelALLstudentdebt
.
It would be most popular thing Biden has ever done in his entire life. You'd both go down in history as heroes.
Why keep playing games with people's lives?
Suspicious that the
@YouTube
feed of this debate was abruptly shut down after
@marwilliamson
started talking about
#CancelStudentDebt
.
"Candidate suppression is voter suppression." - Marianne Williamson, January 2024
BROKE GENERATION ❌
"citing poor economic conditions and BACKBREAKING STUDENT DEBT as
#retirement
roadblocks."
"GENERATION X holds 38.8% of the FEDERAL STUDENT LOAN DEBT, more than any other generation." 💰😩
#CancelStudentDebt
#generationx
#studentloans
@SecCardona
Another day, another income based repayment scam attempting to cover up mass defaults.
Grad loans not even included AND you get a giant tax bill at the end of your "forgiveness".
Nobody's falling for it anymore just
#CancelStudentDebt