Debt Collective 🟥

@debtcollective.bsky.social

18164 Followers 137 Following

The nation’s first debtors’ union, organizing to build power with debt as leverage. You are not a loan! Press: press@debtcollective.org

Q: When will I receive my 90-day notice? A: Nelnet is notifying nearly three million Nelnet borrowers, so we're reaching out in waves. You'll receive your notice between July 2026 and March 2027.
A screenshot showing that Third Way got $982,062 of debt cancelled by the government.
A screenshot of a paragraph of text highlighted in blue for emphasis that reads: "Why should someone like me with several higher ed degrees get a $10,000 check from the government while the person who cleans my house who has never been able to enroll gets a big fat nothingburger? Democrats have been hemorrhaging support among non-college voters of all races, and this is the perfect way to cement the notion that we’re out of touch."
A screenshot of text that reads: WASHINGTON — Third Way released the following statement from Lanae Erickson, Senior Vice President for Social Policy and Politics: ""Blanket debt forgiveness is bad policy and bad politics. It's a regressive giveaway that primarily benefits upper middle class people who attended elite four year colleges. And there's nothing about that which will help Democrats appeal to the bulk of black, white, and Latinx voters who don't have a degree. They want policies that equip them with skills so they can earn a good life, not ones that shovel more tax dollars only to the four-year degree holders who are already doing well in this changing economy."" The third sentence is highlighted in blue for empahsis.
A screenshot of a paragraph of text from this article: https://washingtonmonthly.com/2026/06/26/regional-public-universities-rpu-poll/ The paragraph reads as follows: "One reason RPU students are less involved in political activism may be that they have too many other responsibilities. For example, 71 percent were working either part-time (54 percent) or full-time (17 percent). A third either had children under 18 to take care of or were caregivers for their parents or another family member. Almost half (48 percent) of RPU students report attending religious services regularly." The second and third sentences are highlighted in blue for emphasis.
A screenshot of a paragraph of text from this article: https://washingtonmonthly.com/2026/06/26/regional-public-universities-rpu-poll/ The paragraph reads as follows: "Sometimes, financial pressures forced students to rely on special resources to meet basic needs. More than a third (37 percent) had used their campus food pantry, and among students who felt they were “just getting by” or having “difficulty getting by,” more than two-thirds had turned to this resource." The second sentence is highlighted in blue for emphasis.
A screenshot of a paragraph from this article: https://washingtonmonthly.com/2026/06/26/regional-public-universities-rpu-poll/ The paragraph reads as follows: "One reason RPU students might not realize they’re getting a relative bargain is that costs remain high compared to what they can afford. More than half (52 percent) described themselves as “just getting by,” and another 13 percent were “finding it difficult to get by.” Only 34 percent said they lived “comfortably.”" The final two sentences are highlighted in blue for empahsis.
NYT Headline and Subheadline that reads: Can’t Pay Medical Bills? Trump Officials Suggest Getting a Loan. One-third of Americans shoulder health care debt. Insurers are being asked to consider lending money to Obamacare consumers who can’t afford higher deductibles.
SEC. 317. None of the funds made available in this Act may be used by any local education agency to conduct student-involved active shooter drills in schools without first providing student participants under 16 years old with the ability to opt out of such exercises with parental or legal guardianship consent
AP News headline that reads "Education Department opens probe into Smith College for admitting trans women"
Now: Debt Collective Raises Hand to Purchase Chunk of Federal Government Student Debt Portfolio The Debt Collective has purchased billions in household debt over the past decade WASHINGTON, D.C. — Today, after a new POLITICO report that the Trump administration is “exploring options to sell off parts of the federal government’s $1.6 trillion student loan portfolio to the private market,” the Debt Collective is announcing its willingness to purchase the entire portfolio for its true market value. The Debt Collective will then subsequently cancel the debt.
engagement photo of Travis Kielce and Taylor Swift embracing in which Kielce is labeled "U.S. Supreme Court" and Swift is labeled "Billionaires"