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 installment of The Marc Steiner Show, Marc speaks with Ami Schneider, one of the debt strikers who attended the demonstration in DC, about the growing movement to undo the colossal policy failure that created the student debt crisis.

Ami Schneider is an organizer and debt striker with the Debt Collective who holds a Bachelor of Fine Arts degree from the Art Institute. In 2019, she published an article in HuffPost titled “I'm Drowning In $120K Of Student Debt And I'm Suing Betsy DeVos To Make Her Fix That.”

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Read the transcript of this podcast: https://therealnews.com/corporate-debts-get-canceled-while-millions-of-student-debtors-sink

Pre-Production/Studio: Adam Coley
Post-Production: Stephen Frank

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Corporate debts get canceled while millions of student debtors sink