Topic

Coronavirus Aid

315 petitions

Update posted 2 hours ago

Petition to Joseph R. Biden, Miguel Cardona, Richard Cordray, James Kvaal, Toby Merrill

President Biden: Cancel Federal Student Loans, and Return Bankruptcy Rights to the Rest.

Follow us on Twitter! Student Loans can be cancelled with nothing needed from the Treasury, and nothing added to the national debt. We call on President Biden to cancel all federally owned loans by executive order.  We also call on both the President and Congress to return standard bankruptcy protections to ALL student loans, by executive order and through legislation. During the pandemic, Trillions in stimulus (including PPP loans that don't need to be repaid) require money to be drawn from the Treasury, and add to the national debt. The President can, however, cancel $1.3 Trillion in federally owned student loans with nothing needed from the Treasury, and nothing added to the national debt. He can also order the Department of Education to stop opposing student loan borrowers in bankruptcy court. Before the pandemic,  45.4 million people were holding federal student loans, and 80% were either unable to pay, or were paying but their balances were going up.  Today, student debt in over one-third of U.S. states exceeds their total annual budgets. Older people outnumber younger people with student debt, and they owe 3 times more, despite having borrowed far less.  The default rate for 2004 students is 40%, but they borrowed less than a third of what is being borrowed today.   The default rate for current borrowers will likely exceed 75%.  This is roughly four times higher than the default rate for sub-prime home mortgages.  By all rational metrics, this is now a catastrophically failed, and nationally threatening lending system.  We do not have to take this. Cancelling these loans will greatly stimulate the economy.  Analysts estimate that cancelling student loans will increase GDP by over $100 billion for the next ten years, but they fail to account for increased borrowing capacity that will enable people to buy homes, start businesses, etc.  This would be an additional $1 Trillion (roughly) in direct spending in the near/medium term.   This is not a partisan problem.  More than half of all student loan borrowers identify as being politically independent, or republican. "Red" states are being hurt significantly worse than "Blue" states.    Claims that cancelling loans will largely benefit people who don't need it are wrong.  80% of all borrowers were "underwater" on their loans before the pandemic. All borrowers were determined to be "financially needy" as a condition for the loans. More than 40% never graduated. Most borrowers are over the age of 35, and owe far more than younger people despite having borrowed far less.  The most successful student loan borrowers tend to refinance their loans out of the federal system, so they won't benefit. Rest assured, the taxpayers will be fine. The federal government has been profiting greatly on these loans for many years, and the Department of Education has even been making a profit on defaulted loans for decades.  While it is not known how much of the $1.6 Trillion federal portfolio is unpaid principal, it is likely a small fraction of the total. On balance, the taxpayers will have very little- if any- net loss when these loans are cancelled. *** THIS PETITION NEEDS MORE THAN JUST YOUR SIGNATURE TO SUCCEED!  PLEASE DO YOUR PART TO HELP IT GROW: ***   Do the past week's Daily Actions.   Join your state chapter group, and our Facebook Group. Tell your local media to report on the petition. Give it a boost.   We can do this!  Check out the recent media we've been featured in! Petition created by Alan Collinge, founder of StudentLoanJustice.Org and author of The Student Loan Scam (Beacon Press).  Contact

Student Loan Justice
1,068,052 supporters
Update posted 4 weeks ago

Petition to U.S. House of Representatives, U.S. Senate

$2000/month to every American #moneyforthepeople #covid19

**UPDATE: Our country is still deeply struggling. The recovery hasn’t reached many Americans – the true unemployment rate for low-wage workers is estimated at over 20% and many people face large debts from last year for things like utilities, rent and child care. These are all reasons that checks need to be targeted to people who are still struggling and that Congress needs to learn from this past year. It took nine months for Congress to send a second stimulus check, and just moments to spend it. Moving forward Congress needs to make recurring checks automatic if certain triggers are met. No more waiting around for our government to send the help we need. Sign to join our movement to get recurring checks to the people. My name is Stephanie, and I am one of millions of Americans who fear for my financial future because of this coronavirus crisis. With businesses and schools closing across the country to control the spread of this virus, many people have already lost their jobs. Others are being forced to stay home. This is catastrophic for working families like mine.  I’m calling on Congress to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis. Otherwise, laid-off workers, furloughed workers, the self-employed, and workers dealing with reduced hours will struggle to pay their rent or put food on the table. My husband and I own a restaurant in Denver and these past two weeks have been a blur. Our restaurant community is wrestling with seeing everything we all have worked so hard for irrevocably changed. Our hearts were breaking as we watched our staff divide the ingredients in our kitchen to bring to their homes: a dismal token for employees who worked tirelessly every day. Our talented and cherished team, some of whom have been with us since we opened our doors 15 years ago, are now without an income. Like our team, my family has lost all of the income from our restaurant, and business owners and the self-employed can't claim unemployment. This is the story of America right now. For our team and other Americans who can claim unemployment, even the maximum payments will not be enough for most people to continue paying their bills – and avoid slipping into poverty. The facts are, even successful small businesses can’t go months with their doors closed.  But supplying Americans with monthly support until they can get back on their feet can save our communities from financial ruin. We need immediate checks and recurring payments so that we can keep our heads above water.  Congress needs to make sure that we won’t be left financially ruined for doing our part to keep the country healthy.

Stephanie Bonin
2,977,389 supporters
Update posted 3 months ago

Petition to Federal Communications Commission, FCC Chairman Ajit Pai, Jessica Rosenworcel

We Demand Free Internet for ALL Low-Income Families During COVID-19

Children are being forced to learn from home due to school closures, and as many as 12 million do not have access to internet. Internet providers have signed the FCC's Keep Americans Connected Pledge, promising to provide internet to families in need. However, the children who face the most challenges are actually left out of this pledge.  We are asking FCC Chairman Ajit Pai to urge all internet providers to provide free internet to ALL low-income families, even if they have prior debts or have applied for service previously. Internet providers are boasting of their efforts to provide free internet to families in poverty, but currently, millions of families across the country who are facing the most economic hardship are being rejected from these free internet offers. We all need to come together to bridge the digital divide, and corporations should not be allowed to block access to the schoolhouse door in pursuit of profit. Meanwhile our most vulnerable children are unable to access e-learning and are missing critical days of instruction. These students already face the largest opportunity gaps, and denying them access to learning opportunities now is unconscionable. It is the job of the federal government to protect the right of these young people to a free, public education. We are not alone in this demand. A group of the nation's strongest education leaders sent a letter to the chairman demanding this same thing. The telecomms companies will not act on their own. We need the FCC's leadership on this immediately. Our children most in need cannot wait!

Nekima Levy Armstrong, Tanesha Peeples, Garris Stroud, Dirk Tillotson & Zachary Wright
39,592 supporters