Skip to content Skip to footer

Let’s End the Shame of Student Debt While Calling for Its Cancellation

To reduce income inequality, we need to reject “debt shaming” and insist on cancellation of student debt.

Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2022, in Washington, D.C.

When I ran for mayor of Buffalo, New York, last year, my past-due parking tickets became a major reason for reduced favorability among voters. When Stacy Abrams ran for governor of Georgia in 2018, there was a lot of talk in the mainstream media about how much debt she was in. I share these examples because in general, the working poor do not willfully withhold payment for debts. We are faced with the very real decision between paying often illegitimate debts (like parking tickets and student loans) and feeding our children or paying for life-saving medical treatment for our loved ones.

New York State’s recently passed $220 billion budget has me thinking about the broad acceptance of the idea that the wealthy are best equipped to make the decisions that are supposed to benefit the public at large. The state decided that it was a wise decision to give $650 million to the billionaire owners of the Buffalo Bills while turning a blind eye to the crumbling infrastructure, lack of decent housing, and struggling education system in cities like Buffalo. We have now reached the stage of capitalism where corporate-dominated governments are more willing to invest public dollars into entertainment than in the public good.

Last month, I attended a “debtors assembly” in Washington, D.C., hosted by The Debt Collective. It was the first time I publicly acknowledged how much student debt I carry — along with millions of other people. I am not alone and I have no reason to be ashamed. Not only was it liberating, but it got me thinking: what would municipal, state, and even federal budgets look like if we elect people who have had to decide between medication and student loan payments? Furthermore, what kind of talented and compassionate people would run for office if not forced into the shadows under the stigma and shame of medical, consumer or student debt?

As we look to 2022 midterm elections, voters are questioning the failure of a Democratic majority in Congress to deliver voting rights, the Build Back Better bill, and cancelation of student debt. The single and most simple thing President Biden can do to help save the Democratic majority this midterm, while stimulating the economy, is cancel student debt; and he should do it without delay. In sharp contrast to other highly industrialized countries where higher education is inexpensive or free, approximately 45 million people in our country owe a total of $1.7 trillion in student debt.

We now have the crucial challenge of changing the narrative about who carries the burden of debt, who deserves personal agency, and who deserves decision-making capacity. That is why I am excited to continue to participate in vital coalition work as a member of the RootsAction team. (For more information on our #withoutstudentdebt campaign, visit withoutstudentdebt.us.)

The hardships imposed on working people have become even more harsh and inhumane in recent years, while vast wealth has been funneled into the pockets of a very few. As crucial steps to reduce income inequality, we need to reject “debt shaming” and insist on cancelation of student debt.

Truthout Is Preparing to Meet Trump’s Agenda With Resistance at Every Turn

Dear Truthout Community,

If you feel rage, despondency, confusion and deep fear today, you are not alone. We’re feeling it too. We are heartsick. Facing down Trump’s fascist agenda, we are desperately worried about the most vulnerable people among us, including our loved ones and everyone in the Truthout community, and our minds are racing a million miles a minute to try to map out all that needs to be done.

We must give ourselves space to grieve and feel our fear, feel our rage, and keep in the forefront of our mind the stark truth that millions of real human lives are on the line. And simultaneously, we’ve got to get to work, take stock of our resources, and prepare to throw ourselves full force into the movement.

Journalism is a linchpin of that movement. Even as we are reeling, we’re summoning up all the energy we can to face down what’s coming, because we know that one of the sharpest weapons against fascism is publishing the truth.

There are many terrifying planks to the Trump agenda, and we plan to devote ourselves to reporting thoroughly on each one and, crucially, covering the movements resisting them. We also recognize that Trump is a dire threat to journalism itself, and that we must take this seriously from the outset.

After the election, the four of us sat down to have some hard but necessary conversations about Truthout under a Trump presidency. How would we defend our publication from an avalanche of far right lawsuits that seek to bankrupt us? How would we keep our reporters safe if they need to cover outbreaks of political violence, or if they are targeted by authorities? How will we urgently produce the practical analysis, tools and movement coverage that you need right now — breaking through our normal routines to meet a terrifying moment in ways that best serve you?

It will be a tough, scary four years to produce social justice-driven journalism. We need to deliver news, strategy, liberatory ideas, tools and movement-sparking solutions with a force that we never have had to before. And at the same time, we desperately need to protect our ability to do so.

We know this is such a painful moment and donations may understandably be the last thing on your mind. But we must ask for your support, which is needed in a new and urgent way.

We promise we will kick into an even higher gear to give you truthful news that cuts against the disinformation and vitriol and hate and violence. We promise to publish analyses that will serve the needs of the movements we all rely on to survive the next four years, and even build for the future. We promise to be responsive, to recognize you as members of our community with a vital stake and voice in this work.

Please dig deep if you can, but a donation of any amount will be a truly meaningful and tangible action in this cataclysmic historical moment.

We’re with you. Let’s do all we can to move forward together.

With love, rage, and solidarity,

Maya, Negin, Saima, and Ziggy