Ladies and Genlemen-
The last time we did a group email to the President, we wound up on Fox News. We’re doing it again this week.
- Please send an email to President Biden like the one below. Please include both bankruptcy and loan cancellation in your letter.
- Call The White House after 11 am EST (202) 456-1111 and leave a message saying the same thing!
🚨 We critically need donations at this time to cover our monthly expenses. We still need 42 people to donate $20, or 20 people to donate $42 to make it through this month. We don’t need much to fight and win this battle, but we cannot continue on nothing. Will you help?
🙏 http://www.studentloanjustice.org/donate.html 🙏
Great Thanks to Yuki, Christopher, Martha Kelly, Doris, Byron, Donald, Susan, Sara, Alric, Haley, Meredith, Greg, Alexia, Judy, Brita, Candis, Sandra, and Naida for their recent contributions!
Letter to President Biden:
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Mr. President,
I request strongly that, before you leave the White House, you take two executive actions:
1. Scrap the "new bankruptcy process" for student loan, stop opposing student loan borrowers in bankruptcy court. Call on Congress to repeal 11 USC 523a(8).
2. Cancel federal student loans immediately, using HEA 1082 a(6).
This is your legacy, Mr President. The federal student loan program, as you should know, is failed. You promised both bankruptcy and cancellation in 2020. Up to this point you have not done that, and the large majority of all borrowers are unable to even pay on their loans.
We are seeing a spike in suicides, gruesome violent crimes, and many other terrible outcomes related to this weaponized, predatory debt. It is time to address it meaningfully, before things go really bad at the end of the Summer, when the collection companies will be unleashed on the country.
Lending systems fail from time to time, as you know. You should be honest and acknowledge that fact for federal student loans, deliver to the people what you promised, and lay the groundwork for the next President to replace this failed, nationally threatening loan scam- and it is a scam- with something that is rationally priced, and doesn't financially ruin the large majority of people who use it.
I have zero confidence that either Kamala or Donald Trump will do these things as President, so it is up to you.
You have all the power needed to do this today. We're counting on you to be a decent man, a man of your word, and to do the right thing.
Great Presidents do great, bold things.
Godspeed-
Alan Collinge
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We have 2 months to make sure every student loan borrower in the country knows about our presidential campaign. I hope you get that this is the best way to put pressure on both parties to do something real…hopefully before the election! If you could also donate something to it at this time, it would be very helpful.
I hope we can get both parties fighting over us in the Presidential race. We could maybe get this thing solved before the election. Just getting bankruptcy leverage returned would do it. They'd HAVE to cancel HUGE SWATHS of the debt immediately- without anyone actually having to file- when we get that leverage back. All the major banks would demand cancellation, because they don't want to see a massive wave of bankruptcies. That will crush them, because people will bring their other debts into their bankruptcy filings!
I KNOW WE CAN DO IT!
Best Regards,
-Alan
Sponsored by Alan Collinge For President