Corporate debts get canceled while millions of student debtors sink

The Real News Podcast · Apr 12, 2022 · 28m

As of this year, the total outstanding federal student loan debt is over $1.7 trillion, which is collectively held by around 46 million borrowers. Even with temporary, pandemic-related pauses on student loan repayments, the debt crisis continues to worsen, and calls for complete debt cancellation continue to mount. On April 4, as part of a national day of action, members and allies of the Debt Collective, a debtor’s union, demonstrated outside of the Department of Education in Washington, DC, demanding that President Biden issue an Executive Order to cancel all student loan debt. In this…