SBPC is a nonprofit organization fighting to protect people from predatory student lenders and end the student debt crisis. Media: press
@protectborrowers
.org
🗣️BREAKING: In just 30 days, 22,337 borrowers and 228 organizations voiced their support and need for
@POTUS
's student debt cancellation Plan B.
TLDR: Relief would be life-changing. That’s why it must be BOLD, FAST, and AUTOMATIC.
Read their stories 👇
[BREAKING] Building on
@propublica
's bombshell exposing Justice Alito's ties to billionaire investor Paul Singer, we dug into Singer's support for litigants in the SCOTUS student debt relief cases.
This is
#corruption
.
Alito must immediately recuse.
Bigggggg PSA: If your loans have been paused since March 2020 but you made payments, you can request a FULL refund!
This includes ppl who just learned they will get their loans cancelled (via
@POTUS
’ cancellation, PSLF, PSLF waiver, or IDR waiver).
"45 million are drowning in student debt...you shouldn't have to face financial ruin bc you want a damn education!
SCOTUS: Listen to the millions who are buried in debt—do the right thing, support
@POTUS
' proposal, cancel student debt!"
-
@SenSanders
For decades, the student loan industry has lied to, stolen from, and shamelessly cheated student loan borrowers.
It is long past due to end this predatory racket.
"We're here today, bc
@POTUS
has the legal authority to cancel student loan debt!
Let me say it again—make them hear it inside,
@POTUS
has the legal authority to cancel student loan debt!!"
-
@ewarren
More than 8 million borrowers are in default. In many states, this can mean their professional license gets revoked (and job lost). It's hard to pay your
#studentloan
debt when you're barred from working.
@AyannaPressley
&
@chopraftc
make clear that it shouldn't be this way.
With the stroke of a pen,
@POTUS
just kept his promise to voters and stepped in after decades of inaction, freeing millions from a long-broken, predatory and abusive student loan system.
This. Is. Huge.
"We're here today bc
@POTUS
has the legal authority to cancel student loan debt!
Let me say it again—make them hear it inside—
@POTUS
has the legal authority to cancel student loan debt!!"
-
@ewarren
"45 million are drowning in student debt...you shouldn't have to face financial ruin bc you want a damn education!
SCOTUS: Listen to the millions who are buried in debt—do the right thing, support
@POTUS
' proposal, cancel student debt!"
-
@SenSanders
Take a look at who supports canceling student debt:
📈 61% of voters without a college degree
📈 58% of voters who don’t have student debt
📈 57% of voters over 45
President Biden can make it happen with one stroke of the pen.
#CancelStudentDebt
Student loans aren’t like car loans or mortgages—and for millions of people that have these loans, the rules were rewritten after they took on these debts.
This is not just an issue about people getting free stuff from the government. This is about equity and its about justice.
I'm confident that our student debt relief plan is legal. But it’s on hold because Republican officials want to block it.
That's why
@SecCardona
is extending the payment pause to no later than June 30, 2023, giving the Supreme Court time to hear the case in its current term.
Crushing student loan debt payments threaten the ability of borrowers to provide for their 🍎 𝘮𝘰𝘴𝘵 🏠 𝘣𝘢𝘴𝘪𝘤 🚑 𝘯𝘦𝘦𝘥𝘴.
@POTUS
can do something about that. 👀
FFEL lenders have shown their true colors.
Instead of working in the interest of student loan borrowers – their customers – these lenders are holding hostage relief from millions in order to keep making a buck off of suffering.
Crushing student loan debt payments threaten the ability of borrowers to provide for their 🍎 𝘮𝘰𝘴𝘵 🏠 𝘣𝘢𝘴𝘪𝘤 🚑 𝘯𝘦𝘦𝘥𝘴.
@POTUS
can do something about that. 👀
For decades, the student loan industry has lied to, stolen from, and shamelessly cheated student loan borrowers.
It is long past due to end this predatory racket.
🚨BREAKING🚨A bipartisan group of 39 state attorneys general just announced that scandal-plagued
#studentloan
giant
@Navient
will have to to cancel nearly $2 billion in predatory private student loans.
Our statement:
Crushing student loan debt payments threaten the ability of borrowers to provide for their 🍎 𝘮𝘰𝘴𝘵 🏠 𝘣𝘢𝘴𝘪𝘤 🚑 𝘯𝘦𝘦𝘥𝘴.
@POTUS
can do something about that. 👀
“The only shame is that this nation has burdened families with crushing student debt. I won't say forgiveness because the shame is not yours and you don't need to be forgiven anything.”
🔥👏🙌
@RepPressley
For decades, the student loan industry has lied to, stolen from, and shamelessly cheated student loan borrowers.
It is long past due to end this predatory racket.
Student loans aren’t like car loans or mortgages—and for millions of people that have these loans, the rules were rewritten after they took on these debts.
Student debt relief is about equity—and it's about justice.
"The only shame is that this nation burdened families with crushing debt. But w/ a flick of a pen,
@POTUS
took action & 43 million ppl will benefit from this relief. I won't say forgiveness, bc the shame is not yours—you don't need to be forgiven anything!"
-
@AyannaPressley
🙌
It is MOHELA’s job to carry out the federal student loan program and help student loan borrowers pay off their debt—not obstruct 40 million borrowers from life-changing relief. 👀
🚨The Supreme Court just abandoned the rule of law and sided with right-wing interests over 40 million student loan borrowers.🚨
All eyes are now on you
@POTUS
: Deliver on your promise and use other tools to
#CancelStudentDebt
!
Student debt cancellation is VASTLY popular.
The law—and the people—are on the side of cancellation. SCOTUS needs to affirm these truths and stop the few unelected elites (with no legal standing) from blocking relief for millions of Americans.
For the people in the back!
@IlhanMN
speaks to the importance of viewing the current student debt crisis through racial justice & economic justice lenses.
Student debt cancellation is not only legal, it's necessary to alleviate this crisis of harm & inequality!
🥁ANNOUNCING:🥁The Peoples Rally for Student Debt Cancellation
WHERE: Outside SCOTUS
WHEN: 2/28/23, the day of oral arguments
WHY: To demand SCOTUS follow the letter of the law and uphold the people’s right to relief
Sign up! ➝
#PeopleForCancellation
"We're here today, bc
@POTUS
has the legal authority to cancel student loan debt!
Let me say it again—make them hear it inside,
@POTUS
has the legal authority to cancel student loan debt!!"
-
@ewarren
Student debt holds people back and destroys the chance of a better future for those who do not have generational wealth.
That’s why cancelling student debt is so major.
.
@POTUS
must use the Texas decision to make it clear that the student loan system will remain shut off as long as these partisan legal challenges persist. Student loan borrowers should 𝙣𝙚𝙫𝙚𝙧 be sacrificed as pawns in Republicans' political games.
"We're here today because
@POTUS
has the legal authority to cancel student loan debt!
Let me say it again—make them hear it inside—
@POTUS
has the legal authority to cancel student loan debt!!" -
@ewarren
Canceling student debt is just.
Canceling student debt is equitable.
Canceling student debt is legal.
Canceling student debt is the only appropriate response to decades of government mismanagement and industry abuse.
NEW: Biden is considering income limits on any student loan forgiveness but the plan faces major logistical obstacles at Education Dept that could prevent borrowers from seeing any relief before the Nov elections.
.
@RepJayapal
understands that the student debt crisis affects all generations & prevents borrowers from truly living their lives.
If borrowers can't afford to start businesses & families and enter retirement with student debt—then it's clear we have a student debt 𝙘𝙧𝙞𝙨𝙞𝙨!
"Court is now in session!"
@NAACP
Student borrower Dorien Rogers reminds us that in addition to SCOTUS is the Court of Public Opinion. The People know student debt cancellation is not only constitutional—it's the investment needed to lay the foundation for the next generation!
The
#StudentDebtCRA
doesn’t only block
@POTUS
’ cancellation plan, but it also reverses the payment pause.
“Regardless of your feelings about student debt cancellation, that is a slap in the face to middle class families, to working families, everywhere in the country,” -
@ewarren
Finally,
@YuPersis
closes with 🔥:
"Rather than allowing the same student loan companies to rebrand as creatures of the federal government, we should pursue moving beyond the current era of privatization and abuse.
Ultimately, we need to cancel the debt & make college free."
“The court knows President Biden has the legal authority to cancel student debt—and they have a clear and simple choice here: uphold the law, and we can call it a day.”
—
@RepPressley
!!
"I'm not a politician, but I understand that either you shape policy—or policy shapes you. So we call on
@POTUS
... who young folks put in office, to cancel [student] debt & cancel the debt right now!"
-
@RevYearwood
of
@HipHopCaucus
📊 NEW DATA 📈
@AyannaPressley
just filed an amendment to strike restarting student loan payments from the
#DebtLimit
bill.
And the majority of voters 𝗮𝗴𝗿𝗲𝗲!
See new polling data on the student loan payment pause here ➥
Millions of student loan borrowers will continue to needlessly suffer as long as
@CFPBDirector
refuses to do her job. If she won't do her job, she shouldn't have her job.
This is the story of our nation’s
#studentdebt
crisis:
☑️$1.6 trillion in student debt
☑️44 million+ Americans w/student loans
☑️$33,000 avg. loan balance
☑️9 million people in default
☑️$900 million owed by women
☑️African American borrowers owe 45% more than white borrowers
For student borrower Kiara Palmer, the student loan payment pause gave her the breathing room to finally pay her credit card debt, pay off her car, and buy a home.
This payment pause has been a window into seeing how life-changing student loan cancellation would be for millions!
.
@POTUS
's student debt cancellation is not just something we're asking for—this is an 𝙤𝙗𝙡𝙞𝙜𝙖𝙩𝙞𝙤𝙣 that SCOTUS has.
The lawsuit brought by the right-wing AGs against cancellation is nothing but smoke 💨 & mirrors 🪞
@CoriBush
tells it like it is! Cancellation is LEGAL!
The Higher Education Act grants the Biden Administration the ability to cancel student loans under many circumstances and includes the ability to compromise, waive, modify, or release the loan balances of borrowers at the Secretary’s discretion.
When schools withhold academic transcripts from students who owe student debt, the student is left in limbo: they can’t get a job to earn the income they need to pay off their debt without a degree.
“I am dedicated to wielding the full powers of congressional oversight to hold MOHELA and other student loan servicers accountable.”
@RepCori
𝙜𝙚𝙩𝙨 𝙞𝙩. THANK YOU 🙇❤️
Student debt cancellation is VASTLY popular.
The law—and the people—are on the side of cancellation. SCOTUS needs to affirm these truths and stop the few unelected elites (with no legal standing) from blocking relief for millions of Americans.
It's already been proven—student debt cancellation is overwhelmingly popular, and
@POTUS
has the legal authority to do it.
Now millions of borrowers are looking to the Supreme Court to follow the letter of the law and affirm what we already know to be true 👀
The truth is that the folks carrying student debt are overwhelmingly—𝘰𝘷𝘦𝘳𝘸𝘩𝘦𝘭𝘮𝘪𝘯𝘨𝘭𝘺—working class.
Thank you to
@AFSCME
President Lee Saunders for clearing that up!
#CancelStudentDebt
#1u