Cancel Student Debt: Braxton Brewington
Description
Braxton Brewington is the Press Secretary of the Debt Collective. We discuss the origins of the Debt Collective in the Rolling Jubilee and its history in canceling student debt. Their example is a powerful model for canceling student debt, which continues to be important for all Americans in this election cycle and beyond.
Education is a public good, yet the cost of college over the past couple of decades has risen eight times faster than the average wages. The average student debt is $30,000-$35,000. Two thirds of student debt is owed by women, and a large number of student loan borrowers don't have a college degree. This means that they are paying down student debt on non-college degree wages. The Debt Collective started out as the Rolling Jubilee, which canceled tens of millions of dollars of debt and gave instant relief to borrowers. Canceling student debt creates millions of jobs, boosts the economy, and advances racial and gender justice. Although the Biden administration has canceled billions in student debt, it is only making a small dent in over $1.7 trillion worth of student loans.
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Read the transcript here:
https://www.futurehindsight.com/episodes/cancel-student-debt-braxton-brewington
Credits:
Host: Mila Atmos
Guests: Braxton Brewington
Executive Producer: Mila Atmos
Producer: Zack Travis
United States
I listened to the podcast, and it did not change my mind. If you acquire a debt, pay it off. For-profit schools should not be allowed to get federal funds. I did like that, Jubilee bought delinquent student loan debt and forgave it. That is thinking outside of the box. Consider educating students on not taking predatory loans. If you want free college, then make it only for those who are academicly qualified. College is not for everyone.