The Founders called for uniform bankruptcy rights in the U.S. Constitution- before all of the rights in the Bill of Rights.  This was a direct result of a debtor's rebellion.  Student loans/borrowers have been stripped uniquely of this right. This unprecedented and unconstitutional act by Congress has unleashed a nationally threatening, viciously predatory, hyper-inflationary loan scam upon this country that the Founders wanted to prevent.

We do not have to take this.

Student Loans can be- and have been- cancelled with nothing needed from the Treasury, and nothing added to the national debt. 

We call on President Trump and Congress to return standard bankruptcy rights to ALL student loans, and to cancel federally owned loans, as needed, by executive order.  We further call on the President and Congress end and replace the current lending program.

Since 2020, Trillions in stimulus (including PPP loans that were never repaid) required money to be drawn from the Treasury, and added to the national debt. The President can order the Department of Education to stop opposing student loan borrowers in bankruptcy court, and push Congress to return this fundamental right through legislation. Congress and the President can also cancel $1.7 Trillion in federally owned student loans. 

They can take both of these actions with $0 needed from the Treasury, and $0 added to the national debt. 

Today,  43.4 million people have federal student loans. Three-quarters are not making payments on their loans and 85% are underwater on their loans. Student debt in over half of the states exceeds their total annual budgets. Older people outnumber younger people with student debt by a wide margin, and the default rate for all borrowers will surge this year like nothing we have ever seen in this history of the loan program. By all rational metrics, this unconstitutional loan scam is now a catastrophically failed, national threat. 

For the national good, the federal student loan program must be ended and replaced with a more rational, less expensive & socially destructive model for educating the citizenry. 

• This will greatly stimulate the economy, and costs the taxpayers literally nothing.
• More than half of the borrowers are independent, or republican.
• "Red" states are being hurt significantly worse than "Blue" states.   
• Claims that cancelling loans will benefit the wealthy are completely false.  75% of all borrowers are unable to make payments today.  40% never graduated.  Millions went to trade schools.
• Cancelling the loans will not cause inflation.
• The wealthiest 20-30 colleges in the country could very easily pay for discharges (around $6 Billion/year)

WE NEED YOUR HELP:

• Join us on X , Facebook and join your State Chapter.
• Start doing these daily actions.
• Tell your local media to report on the petition.
• Give it a boost.

We will succeed when you do your part!

Petition created by Alan Collinge, founder of StudentLoanJustice.Org and author of The Student Loan Scam (Beacon Press).  Contact