Transcript
Marc Steiner: Welcome to The latest Marc Steiner Tell you here on The Real News. I’m Marc Steiner, and it’s great to have you all with us. Some of us don’t realize that 43 million people in our country, in the United States, collectively hold $1.6 trillion in student debt, student loan debt. And I did say $1.6 trillion. And that reality in the midst of COVID got President Biden to temporarily cancel student debt when he froze repayments. That’s about to expire. And though in the process, it saved 37 million people $195 billion. Now, many want him to extend it to May 1. But others, like the Debt Collective, where our guest today is from, want him with a stroke of a pen to just cancel that and forgive student debt.
There’s a demonstration kept to the April 4 of the Financial obligation Collective, that is a great debtor’s relationship. They truly are askin President Biden to utilize his professional capacity to cancel the college student loans. To begin with yet another talk about how precisely i pay money for and you may financing college education, to be sure individuals are maybe not overrun, motivated towards the impoverishment, and you may straddled indebted simply to cope with college. Now, history March We delivered a conversation which have Umme Hoque, who is tossing movie director for the Personal debt Cumulative and you will about how precisely to fight and you will terminate all pupil obligations.
At that time, your debt Collective, a beneficial debtor’s relationship, planned the newest Biden Jubilee 100, a personal debt struck it done by 100 people, you to definitely for every off Biden’s earliest 100 weeks during the place of work. Today on the wake of the April 4 trial that has been kept recently, Biden’s proceeded reluctance to put pen so you can papers and you may cancel college student personal debt is on the new minds many of people. Continue reading The latest stop into the education loan installment is about to end