Age is No Barrier to Student Debt

37 million Americans now owe a combined 1 trillion dollars in student loans. Over 25% are delinquent. There are more people between the ages of 30 and 49 paying off student loans than people under 30.

Many of them, and maybe you, are forced into low-wage jobs in order to immediately start making payments back to banks and lenders, and will still be paying your loans while trying to figure out how to send your own kids to college, take care of your parents and save for retirement. This is bad for us, and it takes money out of the consumer economy where it is greatly needed.

College tuition is free or nearly so in Sweden, Norway, Germany, Denmark, Netherlands, New Zealand, Ireland and France (to name a few) because their governments decided it should be. In contrast, our government has decided that we should have the 2nd highest tuition cost in the world, and that students should shoulder debt to pay for it.

The President’s Income Based Repayment Program allows some borrowers to pay 10% of their discretionary income and have the loan forgiven after 20 years. This is good, but not enough. If banks, farms and auto corporations can be bailed out, why not some help for us? 

Join our campaign to demand President Obama:

  • Allow all student loans to be repaid at an annual rate of 10% of discretionary income and be forgiven after 10 years; 
  • Expand the program to cover all student loans, public and private.

M4A Chapter Activist Training Call: How to Pass a Medicare for All City Council Resolution

June 30, 2018

Saturday June 30th at 4pm ET/3pm CT/2pm MT/1pm PST

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In March, Philadelphia DSA members showed up in droves with healthcare workers, community members, and elected leaders to pass a Philadelphia city-wide resolution supporting the Medicare for All Act of 2017 and affirming universal access to healthcare as a human right. This victory showed that in a city where the poverty rate is over 26%, city council leaders learned where to stand when it comes to universal healthcare. To move a national campaign to win Medicare for All, we need to build support from a broad range of cities and municipalities across the country. With some research, planning, and lobbying, you could work with city council members to pass a resolution of support in your city too!

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