Last updated on March 12, 2020
Sign PDA’s New Petition: Congress Must Take Action to End the Student Debt Crisis
In solidarity, Alan Minsky for Mike F., Mike H., Donna, Deb, Kimberly, Bryan, Dr. Bill, Dan, and Janis—your PDA national team.
PDA Joins With Our Partners Freedom To Prosper
Supporting Sen. Bernie Sanders’ Senate Bill and
Rep. Ilhan Omar’s House Bill to Cancel Student Debt
Progressive Democrats of America (PDA) is leading the fight to cancel student debt. PDA has joined forces in a nationwide campaign with Social Security Works and Freedom to Prosper, calling for the universal eradication of student debt. To sign the new petition for 2020, Click Here.
We need to cancel student debt—all of it. Fortunately, there are bills in the House and Senate that would do just that: The Student Debt Cancellation Act of 2019 (H.R.3448) and The College For All Act of 2019 (S.1947).
Today, an estimated 46 million Americans are burdened down with student debt—a burden that’s reached a staggering $1.6 trillion nationwide. It wasn’t always like this. These 46 million Americans are the victims of a failed social experiment.
Generations of Americans were once able to attend public colleges and universities at little or no tuition cost. Things changed in the 1980s, as the Reagan Era undermined the social contract that gave us decades of shared economic growth.
Our nation’s leaders shifted more of the cost of higher education to individuals with a false promise: they told people their new debt was an investment that would pay itself back, and more, in higher earnings after graduation.
It wasn’t true. Instead, millions of people were caught in a student loan trap. It’s time to set them free. There is a solution. We want you to support The Student Debt Cancellation Act of 2019(H.R.3448) and The College For All Act of 2019 (S.1947).
Click Here to add your name and tell your senators and members of Congress by clicking on this link and signing the Petition.
Some people think we should cancel some debt, for some people, some of the time. We disagree, for three reasons. First, 46 million people were misled by false promises and they deserve justice. Second, we don’t need another complicated program with all sorts of forms to fill out and rules to follow.
Lastly, and perhaps most importantly, cancelling all student debt will help all of us—whether we have a college education or not.
An economic study by the Levy Institute showed that full student debt cancellation will create millions of jobs—not just for people who have attended colleges or other institutions of higher learning, but workers at all education levels all across the country. Full cancellation will also do more than any other student debt proposal to reduce the racial wealth gap, according to economic experts.
Don’t forget, Click Here to sign the petition and support PDA’s work to lift the crushing burden of student debt from millions of Americans.
We appreciate all you do to help make progress on these and other issues. If you’ve never donated to help PDA help you pressure our elected officials, now is the perfect time. We need your support more than ever. Click Here to support PDA’s issue organizing.
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