|
8/20/2021 Hitting 3 key governors today...Hey All-
Today's quick actions are important: 1. Like and Retweet this to Governor Brian Kemp (GA) 2. Like and Retweet this to Governor Ron DeSantis (FL) 3. Like and Retweet this to Governor Greg Abbot (TX) If we can get through to EVEN ONE of these governors, the WHOLE GAME CHANGES. DON'T LET THIS DROP. WE HAVE A MILLION-MEMBER-MUSCLE TO FLEX. SO LET'S FLEX IT!! -Alan ps. Please donate: http://www.studentloanjustice.org/donate.html
0 Comments
8/5/2021 Press Release Durbin, Cornyn Introduce Critical Bankruptcy Legislation for Student Loans
August 5th, 2021 We strongly applaud Senator's Dick Durbin (IL) and John Cornyn (TX) for introducing The Fresh Start Through Bankruptcy Act of 2021. Returning bankruptcy protections to federal student loans is the first step that must be taken to address this national crisis. Holding educational institutions nominally accountable for outcomes is also needed. The Founders called for uniform bankruptcy laws ahead of the power to raise an army, declare war, and create a judiciary in Article I, Section 8 of the US Constitution. Today, student loans stand as the only type of loan in the country to be uniquely stripped of this constitutional enshrined protection. The consequences of this have been disastrous. 45.4 million citizens are burdened under $1.6 Trillion in federal student loan debt. The default rate for the class of 2004 is 40%, but these people borrowed less than a third of what is borrowed today. Even before the covid-19 pandemic , 80% of these borrowers were either unable to pay on their loans, or were paying but their loan balances were increasing. The default rate for sub-prime home mortgages, by contrast, was only 20%. Student debt in over a third of U.S. States now exceeds the entire state budget. Older borrowers (over 35) now outnumber younger borrowers (under 35), and they owe far more, despite having borrowed far less. This is- to be blunt- a catastrophically failed lending system, and the tax-paying voters being financially harmed by it span the political spectrum. We believe that these loans should be completely cancelled by executive order such that no money would be needed from the Treasury and nothing would be added to the national debt. The lending system should be ended and replaced with a more rational funding model. Returning bankruptcy rights is the first step to take- and very least that Congress can do. We request all Senators to support this historic legislation. Specifically, we ask Senators in the states of Georgia, Florida, Texas, Indiana, Missouri, Maryland, Tennessee, Ohio, North Carolina, South Carolina, Illinois, Michigan, New Hampshire, South Dakota, and Virginia to make extra efforts to quickly pass this bill. We ask our 1.1 million members, and citizens everywhere to demand that their senators pass this long overdue, and much needed legislation. Contact: Alan Collinge (202) 594-1120 [email protected] 8/5/2021 A Big Step Forward TodayEveryone:
I'm very glad to report that, at long last, we now have a bipartisan student loan bankruptcy bill in the US Senate. The bill returns standard bankruptcy protections to all federal student loan borrowers, with a ten-year waiting period. This is retroactive. So...this is truly a major step forward. The bill is being jointly introduced by Senator Durbin and Senator John Cornyn (Texas). Here is the press release. Special thanks go out to Diane Barta, who testified in today's hearing. Also Linda Navarro, a veteran and warrior whose plight Senator Durbin described in open session yesterday. See the video. Thanks to EVERYONE who submitted their stories. They are being used, and will be used going forward. Please remember: Bankruptcy has to happen if we are going to get meaningful loan cancellation. The former is a necessary precondition for the latter. This makes this bill all the more important! We have a lot of work ahead, but the light is at the end of the tunnel. This bill is brand new, and requires our very serious dedication to see through to final passage. All bodes well, but see the hearing. We have to fight. Thankfully, we have all the ammunition to get even the most recalcitrant senators (like Ted Cruz) on our side. I hope you are pleased. But we're going to need your help...more than ever. I have to ask: Will you please donate something at this time? We currently have $53 in our operating account. If you could make a first time donation, or re-up you previous support at this time, it would go a long ways towards allowing us to focus on this fight. LET'S ROLL -Alan Everyone-
There is a VERY critical Senate hearing on student loans happening on Tuesday. This is EXTREMELY IMPORTANT. Will you please retweet these as soon as possible?: Sen. Chuck Grassley (Iowa) Sen. Lindsey Graham (South Carolina) Sen John Cornyn (Texas) Sen. Mike Lee (Utah) Sen. Ted Cruz Sen. Ben Sasse (Nebraska) Sen. Josh Hawley (Missouri) Sen. Tom Cotton (Arkansas) Sen. John Kennedy (Louisiana) Sen. Thom Tillis (North Carolina) Sen. Marsha Blackburn (Tennessee) We have to put these Senators on the spot. Do more than this! Call out state newspapers and other news organizations in the comments. Call out the governors of these states. Be creative. Anything you might think of to make these more impactful on these senators is worth doing... Please remember: Bankruptcy has to happen first, in order for meaningful student loan cancellation to happen at all! We have learned that lesson the hard way over 16 years. If we don't get bankruptcy back, we'll get a FAKE loan cancellation plan. When we get bankruptcy back, they will HAVE to do MEANINGFUL loan cancellation! I explain all this in this livestream. This one is so important. Please make it happen. Sink or swim- -Alan Good Monday All-
Today, we hit back at a particularly harmful disinformation specialist- Jason Delisle- who is now claiming that there is no student loan crisis. We also push the President today to do what he promised. Please do these two quick actions: 1. Retweet this, and also send it to conservative media, politicians, and influencers 2. Retweet this to the President. Also: will you please follow us on Twitter? We anticipate good news in the next ten days or so. All I can tell you today is that we need you to be doing these daily actions. These are your loans, this is your battle to fight. WE NEED YOU. Let's make this the strongest week yet- -Alan Hey All-
Today, we're asking everyone to do these two quick actions: Retweet this to the Governor of Georgia: Retweet this to President and Jill Biden: Also, check out the livestream we did last night about Mike Rowe and Dave Ramsey, two of our loudest critics. This is the battle, folks. Please fight it. These are your loans, your battle to win. Strength in Numbers- -Alan Folks- Today, we continue to push both President Biden, and also conservatives. Please take 30 seconds for these two quick actions: Retweet this to President and Jill Biden. Retweet this to a few conservatives. On the second item, key people to call out are the governors of Georgia, Florida, Texas, Alabama, South Carolina, Tennessee, Indiana, Ohio, Missouri, and also media in those states. But don't be limited to these. Be creative! Strength in Numbers. Also, I'm glad to report that we were featured in the Atlanta Journal Constitution recently. I am only seeing this today! Thanks to everyone who stepped up to be interviewed for this article. This really helps us. We should be doing similar things everywhere across the country! Things are happening fast right now, folks. What we do right now really counts! Regards, Alan Good Morning,
We need to grow the petition. We have a million signatures, but we could and should have tens of millions. If you know 10 people with student loans, 8 were never going to be able to repay, and would sign if they knew about it! Please do these two easy actions today: 1. Retweet This to President and Jill Biden. 2. Email at least two people you know with student loans. Ask them to sign. Change.Org/CancelStudentLoans. We need you on this. A little more than your signature is required to get student loans cancelled for the good of the nation. Please step up. ALL TOGETHER NOW! Alan Collinge Good Morning-
Today will you please do this one simple action? Email news organizations in your state. Use this email contact list. Say something like this: ------------------------ Will you please report on one or both of these stories? 1. Student loan debt in over a third of U.S. States exceeds the total state budget. This has been reported on nationally. 2. Older student loan borrowers outnumber younger borrowers, and they owe far more. Also, please report on this petition. It now has over 1 million signatures. ---------------------- We have a huge muscle to flex to get these loans cancelled, but that only counts if you flex it! Regards, Alan ps. Join us on Facebook!, and join your state chapter. Good Monday All-
The petition is at 1 million signatures. Can we get to ten million? Will you please email 2-3 people you know today with student loans, and tell them about the petition? Also retweet this. We're coming after the US Chamber of Commerce hard today. This will help. Remember: If you know 5 people with student loans, 4 of them were probably never going to be able to repay their loans, even before the pandemic. They need to know about this petition. You need to tell them! These are you loans, this is your problem. If you really want to free the country- and yourself- of this debilitating debt once and for all, you have to step up. Treat this as if your loans depend on it...THEY DO! We've gotten this far. Now is not the time to sit back, and expect the people in Washington DC to do the right thing. We are making history, here, but we all, individually, have to go a little further. We have to MAKE IT HAPPEN! Let's make this our strongest week yet! Regards, Alan Collinge |