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John,
As we inch closer to the end of Biden’s student loan moratorium, Biden still has yet to make an announcement on student loan cancellation. Gen-Z and Millennial voters who helped drive his win in 2020 expect bold action around the student loan crisis. We voted to cancel student debt, not pause it.
Canceling student debt can come with a lot of unknowns and questions. We’ve tackled some common myths and misconceptions around student debt cancellation before and we’re back with part two!
Answering Your Questions on Student Debt
[link removed] [[link removed]] “I paid off my student loans so you should have to pay yours too.”
Watch The Full Video Let’s not limit ourselves to the status quo when we can dream bigger and create a future where all people can be debt free. Especially when many students are taken advantage of by predatory student loan companies.
“I do not have student debt. Why should I care?”
The effects of one person with debt are felt by an entire community. It affects the economy, the racial wealth gap, our friends and family. You may not have student debt but the effects of those with it are all around you.
“Doesn’t paying off student debt just benefit rich people?”
Most people with student debt are part of the working or middle class. These same folks often carry their loans with them for years accruing a ton of interest. 40% of those with student debt do not have a degree to show for it, which can directly impact their job prospects. Paying off student loan debt directly benefits the people that need financial relief the most.
Get Involved with Dreams Not Debt
We launched Dreams Not Debt [[link removed]] to work towards building a future where young people are financially free to dream and not be held back by student debt. Canceling student loan debt is not something we can accomplish alone. We need all hands on deck to continue urging the Biden Administration to cancel ALL student loan debt.
Get involved with our Dreams Not Debt campaign to continue raising your voice around the issue.
Get Involved Today [[link removed]]
Young people pushing the Biden Administration to cancel student debt has brought us this far, so let’s keep the momentum going! Stay updated on our fight to cancel student debt by following us on Facebook [[link removed]] , Twitter [[link removed]] and Instagram [[link removed]] . This isn’t over until we can see a debt-free future for all.
To reaching our dreams without debt,
Daniela Mrabti
Digital Director
The Alliance supports and scales the work of local organizations, building a movement of young people, by young people, and for all young people.
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