“President-elect Biden will be able to cancel nearly all student debt without congressional approval. If he refuses, organized debtors are preparing to strike.”
“Young people have inherited a world in crisis and the former vice president bears responsibility for some of their heaviest burdens. Here’s how can he earn their votes before November 3rd.”
“To fight for the possibility that future generations may live, and in the interest of the survival of humanity past the 21st century, it has become necessary for ordinary people to take revolutionary action. We owe nothing to a system that sold our future for profit before we were born. Our only debt is to the future: rebel, now, while there may still be time to prevent the worst-case scenarios of climate change. Steal your education!”
If the emerging movements of 2019 embrace a tactic of organized debt strikes in 2020, we could crash the market for student loan asset backed securities before the next presidential election, and send a clear message to the ruling class that we will not allow them to sacrifice our futures. It’s now or never, people over profit, Earth or else.
“AIDAN, Betsy DeVos’ proposed chatbot, signals that the Department of Education remains open for business.”
“As the student debt crisis continues to mount, major financial institutions are making record profits from student loan asset backed securities.”
“A student debt boycott wouldn’t just be about cancelling student debt, but about provoking a confrontation with the creditor class. If student debtors take the lead, perhaps as in France in 1968, the indebted working class will stand in solidarity. I put this question before the panelists, the audience, those watching online, to the activists and organizers demanding a radical transformation of this country, and the 44 million student debtors; is it time to organize the power of economic withdrawal, and stop paying our student loans?”
Student debt is immoral and unjust, and it must be abolished, but that will never happen until a movement of Americans rises up to demand it, and boycotts their debts until our government is forced to act. A boycott of student debt has the potential to unite the existing movements for social justice in a meaningful action which will help lead to our collective liberation.
“In his call for a unified national boycott of student loan payments, inevitably leading to a mass default on this debt, Campbell hopes to expose this crisis and instigate radical change. In a recent interview he explained that the conditions for borrowers are so bad already that debtors may not join the boycott willingly. Instead, participation may simply happen by default given the lack of proper work opportunities that lead to borrowers’ inability to pay.”