@StrikeDebt profile picture
The Debt Collective 🟥 @StrikeDebt

The nation’s first debtors’ union, organizing to build power with debt as leverage. You are not a loan! Press: press@debtcollective.org

Joined June 2012
  • Tweets 66,737
  • Following 10,454
  • Followers 97,438
3,472 Photos and videos
If you have federal student debt, you may have recently received an email from the Department of Education telling student debtors who are in the SAVE forbearance to switch plans. We want to encourage you to not rush this next step. Take a deep breath. You have until September.
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The Debt Collective 🟥 retweeted
SEIU
@SEIU
Jun 12
It shouldn’t be this way and it doesn’t HAVE to be this way! The fastest way to build a future that actually works for people starts with investing in service workers. Working people already know how to solve problems, care for our communities, train the next generation, and keep America running every single day. If we want a stronger economy, safer communities, and a future where more people can thrive, working people need a seat at the table. Build with us, NOT around us.
The Debt Collective 🟥@StrikeDebt
Jun 11
We said *cancel* medical debt not *create* medical debt.
NYT Headline and Subheadline that reads: Can’t Pay Medical Bills? Trump Officials Suggest Getting a Loan. One-third of Americans shoulder health care debt. Insurers are being asked to consider lending money to Obamacare consumers who can’t afford higher deductibles.

ALT NYT Headline and Subheadline that reads: Can’t Pay Medical Bills? Trump Officials Suggest Getting a Loan. One-third of Americans shoulder health care debt. Insurers are being asked to consider lending money to Obamacare consumers who can’t afford higher deductibles.

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Taxing all his wealth is the conservative opinion on what to do with this guy.
Globe Eye News
@GlobeEyeNews
Jun 12
BREAKING: Elon Musk officially becomes the world’s first trillionaire.
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We said *cancel* medical debt not *create* medical debt.
NYT Headline and Subheadline that reads: Can’t Pay Medical Bills? Trump Officials Suggest Getting a Loan. One-third of Americans shoulder health care debt. Insurers are being asked to consider lending money to Obamacare consumers who can’t afford higher deductibles.

ALT NYT Headline and Subheadline that reads: Can’t Pay Medical Bills? Trump Officials Suggest Getting a Loan. One-third of Americans shoulder health care debt. Insurers are being asked to consider lending money to Obamacare consumers who can’t afford higher deductibles.

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Good moment to clarify here. The law actually existed on the books for about a week. We filed a lawsuit saying relief should be administered automatically as the law demands. 99 minutes later, the 8th circuit gutted SAVE. The DOJ is trying to pretend like that week doesn't count.
Matt Bruenig
@MattBruenig
Jun 10
Replying to @StrikeDebt
it is an argument tho
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There is no temporal aspect to the law. When the law exists, the expectation is that it is implemented. Laws are not "vibes."
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We filed a lawsuit to say the federal government should administer the student debt cancellation that was legally on the books. The DOJ just replied with a motion to dismiss our lawsuit — and their argument is super revealing. They admit the SAVE plan was *better* for debtors.
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more replies
We'll keep you updated on what the court asks for or decides next.
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We're going to keep fighting stupid regulations that make it harder for student debtors to get by. Are you in SAVE? Help us out by filling out our survey. The information helps us with lawsuits and advocacy. secure.everyaction.com/Sbiks…

Tell us about your experience with the SAVE Plan

On July 1, debtors on the SAVE student loan repayment plan could see their monthly payments double or even triple. We’re organizing to pause all payments on federal loans, and we need to hear from...

secure.everyaction.com
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This is the playbook. Tenants unionized and withheld rent because they had unsafe conditions payments were unaffordable. They built up debt. Then city officials intervened pressured the landlord to cancel the debts. This can happen everywhere. gothamist.com/news/landlord-…

Landlord targeted by Mamdani agrees to forgive back rent in 5,100 apartments

The company Summit says it will waive unpaid rent in its new building portfolio as long as tenants resume making payments.

gothamist.com
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The student loan system is more broken than it has ever been.
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The Debt Collective 🟥 retweeted
Braxton 🟥@Braxtonbrew96
Jun 8
Actually cannot believe this is a real New York Times story. Apparently debt collectors are having a tough time financially right now — because many of them are being called by other debt collectors.
To the people he calls, Mr. Ransom said, he isn’t a man who dropped out of college to care for his ailing mother, who buried her and went back to work two days later — he’s just a voice on the other end of the line asking for money. Debt collectors, he added, have their own financial burdens. “We’re bill collectors that probably are being called by other bill collectors, because we’re not making enough money to live and to pay our bills,” he said.

ALT To the people he calls, Mr. Ransom said, he isn’t a man who dropped out of college to care for his ailing mother, who buried her and went back to work two days later — he’s just a voice on the other end of the line asking for money. Debt collectors, he added, have their own financial burdens. “We’re bill collectors that probably are being called by other bill collectors, because we’re not making enough money to live and to pay our bills,” he said.

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Just a quick reminder that the biggest bill increase any single worker will get in 2026 is not gas, utilities or even rent—it's student loans. Trump's bill last year means a person making $40,000 a year will have their student loan payment skyrocket from $20 a month to $100.
Andrew Solender
@AndrewSolender
Jun 8
Jeffries announces five affordability working groups to “dive deeper with member-driven engagement on policy and legislative proposals.” Housing: Friedman & Sykes Gas: Budzinski & Levin Groceries: MGP, Scholten & Tokuda Caregiving: McBride & McGarvey Healthcare: AOC & Sewell
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When we talk about free, reparative public goods lke "free college," we're actually talking about making *formerly* public school systems public *again*.
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The Debt Collective 🟥 retweeted
Bernie Sanders
@BernieSanders
Jun 7
We’re already facing the worst student loan crisis in history: nearly 1 in 4 borrowers are in default. Now Trump wants to make it even worse. On July 1, he’ll eliminate the most affordable repayment plan and raise costs by as much as $4,000 a year. We can’t let that happen.
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New: As Trump transfers federal student loans from the Department of Education to Treasury, defaulted borrowers will be routed through private companies that were previously sued or fined by federal watchdogs for "abusive" practices. businessinsider.com/student-…

Millions of student-loan borrowers risk facing debt collectors who were penalized for 'misleading'...

The transfer of defaulted student-loan from the Education Department to the Treasury brings back agencies once criticized for predatory behavior.

businessinsider.com
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Extremely wild clause in a bill House Republicans are set to vote on Tuesday. It would eliminate funding by "any local education agency" to conduct school shooter drills for kids under 16 years old.
SEC. 317. None of the funds made available in this Act may be used by any local education agency to conduct student-involved active shooter drills in schools without first providing student participants under 16 years old with the ability to opt out of such exercises with parental or legal guardianship consent

ALT SEC. 317. None of the funds made available in this Act may be used by any local education agency to conduct student-involved active shooter drills in schools without first providing student participants under 16 years old with the ability to opt out of such exercises with parental or legal guardianship consent

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The Debt Collective 🟥 retweeted
Braxton 🟥@Braxtonbrew96
Jun 4
This is a stepping stone to relegating higher education to a select class of wealthy white folks by the way.
The Debt Collective 🟥@StrikeDebt
Jun 4
It's happening 🚨 House GOP representatives are about to introduce a bill that would completely eliminate subsidized student loans. They are trying to make it impossible to go to college unless you can afford to pay for it upfront.
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