Friday, August, 26th

Good Morning All-
​
I trust you all have heard about Biden's student loan cancellation announcement on Wednesday.  Please read our analysis. 
This announcement is significant, to be sure, and we all should be very proud to have started the public conversation on the concept of student loan cancellation by executive order!
I hope you are pleased.
However, there is very good reason to be skeptical and wary of this plan.  It is vague, ambiguous, and frankly unimpressive to most of the people in our group who owe far more than $10,000 - $20,000.  Also, not one dollar has been cancelled yet, and won't be until next year.  We could see this plan weakened in the interim, and come to mean almost nothing for almost everyone, ultimately. We go over this in detail in our article. 
As long as the threat of bankruptcy remains gone from these loans, we remain vulnerable to all the same tricks that the Department of Education has played in year's/decades past, where almost no one actually gets any meaningful relief, and all of the predatory underpinnings of this lending program remain in place, and cause us harm.
This really is not the time to be celebrating.
On the contrary, all of this only underscores the importance of returning bankruptcy rights to these loans. More than ever, we need to fight for S.2598 in the month of September, before early voting begins in October.
To that end...Today's Action:

• Retweet this, this, and this.
• Do Monday's Action

We're on a roll, folks.  See these TV interviews in Los Angeles, Wisconsin, and Indiana.  We're going on national news tomorrow at noon. 
This truly is the battle, folks. 
-Alan
ps.  Please donate.