The Debt Collective, the nations first union of debtors has a number of working groups including the 50 Over 50, student debtors 50 and older which is breaking the stereotype of student debtors being younger folks in their 20’s and 30’s. We know that debtors 60 and older are the fastest growing demographic of student debtors.
Folks who are in the 50’s, 60’s, 70’s, and older just as anyone else shouldn’t be burdened with student debt. These are folks who are likely to die in debt. These debts are set to be cancelled upon their death but meanwhile will have to use their social security checks to make payments or decide between groceries, supporting their kids or grandkids, or paying these debts.
The Department of Education has the authority to cancel these debts in a number of ways. One of which is using Federal Claims and Collections Code section 902.2 to cancel debt based on the age and the health of a debtor.
Join this group of older debtors in calls for debt cancellation! Hear some of their stories here.
These are folks who have taken action in Washington D.C. multiple times and have been covered by numerous media outlets. Check out articles, photos and videos below!
Americans over 60 are the fastest growing group of student debtors. That’s awful | Gail Gardner
www.theguardian.comThe White House and US Department of Education should clear loans burdening myself and millions of older Americans
Student Debt Doesn’t Vanish With Age. Older Debtors Protest With a “Knit-In.”
truthout.orgWith rocking chairs and cross-stitch kits, protesters outside the Department of Education demand debt relief from Biden.
Time is Running Out to Cancel Debt for Aging Borrowers
inthesetimes.comAging debtors staged a “knit-in” outside of the Department of Education to demand loan forgiveness.
Debt Collective Seniors Lead First Elder Action for Student Debt Relief
www.globenewswire.comHistoric action led by seniors demands the Biden-Harris administration use a little-known provision to cancel student loans based on a debtor’s age…
‘Death Should Not Be the Only Relief’: Seniors Lead Their First Action Against Student …
www.commondreams.orgBorrowers over 50 are the fastest-growing demographic of student debtors, and, for the first time in history, some of them are calling on the Biden-Harris administration to take advantage of federal …