{"id":586373,"date":"2023-08-10T00:09:18","date_gmt":"2023-08-09T21:09:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/what-you-need-to-know-9\/"},"modified":"2023-08-10T00:09:18","modified_gmt":"2023-08-09T21:09:18","slug":"what-you-need-to-know-9","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/what-you-need-to-know-9\/","title":{"rendered":"#What you need to know"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2ccd41a5f8f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2ccd41a5f8f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/what-you-need-to-know-9\/#When_did_the_movement_begin\" >When did the movement begin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/what-you-need-to-know-9\/#Who_has_participated_in_this_movement\" >Who has participated in this movement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/what-you-need-to-know-9\/#Bidens_plan_makes_the_debt_strike_easier\" >Biden\u2019s plan makes the debt strike easier<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/what-you-need-to-know-9\/#A_small_movement_with_criticisms\" >A small movement with criticisms<\/a><\/li><\/ul><\/nav><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/649f5ffa91ce60.71140145.jpeg?w=900\" \/><\/p>\n<div>\n<p>While many borrowers are preparing to make payments on their student loans when they restart in October, others are ignoring their accounts and going on what has been labeled a \u201cstudent debt strike.\u201d<\/p>\n<p>A movement led by the student loan group Debt Collective, the strike is not as clear cut as it seems. <\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>In contrast with the name, most borrowers will not undergo any financial harm when on strike nor do their demands indicate they want to go back to paying on student loans by striking a deal with the Education Department.<\/p>\n<p>Instead, the movement, which has been around since 2015, is typically made up of borrowers who already have $0 monthly payments through an income-driven repayment plan or have already deferred on their loans. Since they are not paying anything to the government, the group has labeled these actions a strike.<\/p>\n<p>And President Biden\u2019s \u201con-ramp\u201d repayment plan that allows borrowers to skip payments for a year without financial harm is the perfect venue for the group to try to grow their movement of borrowers who say they are \u201cstriking\u201d against loans when they don\u2019t make any payments.<\/p>\n<p>Here is what to know about the student debt strike:<\/p>\n<h2><span class=\"ez-toc-section\" id=\"When_did_the_movement_begin\"><\/span><strong>When did the movement begin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The idea of a student debt strike for Debt Collective began back in 2015.\u00a0<\/p>\n<p>It started with 15 people who went to Corinthian College, a school that was found to have defrauded its students.<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>\u201cWe were the ones who sort of found this clause in the Higher Education Act about borrower defense. That you know, then was just like a really obscure line that said you can have your debts canceled if you were defrauded,\u201d said Braxton Brewington, press secretary for Debt Collective. \u201cAnd so we created our own form, and the 15 people who were going on debt strike filled it out and demanded debt cancellation.\u201d<\/p>\n<p>Brewington said the form then spread and thousands of people signed it to demand student debt cancellation. Last year, Vice President Harris announced all Corinthian borrowers would receive debt relief since they were defrauded by their school.<\/p>\n<p>Since then, Debt Collective has called for numerous debt strikes, including every time the Biden administration said student loan payments would resume.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>Critics have said that the way the movement is structured is being incorrectly labeled as a strike.<\/p>\n<p>\u201cI think strike is just the wrong word. You know, a strike is when you demand something or your demands are met then you return to work. The demand is a cancellation. It\u2019s not a strike,\u201d said Alan Collinge, founder of Student Loan Justice.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_has_participated_in_this_movement\"><\/span><strong>Who has participated in this movement?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For the most part, those who have participated in a debt strike have done so in a way that has not financially harmed them.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<p>\u201cIt has been a combination of people who both at a financial place where they really can\u2019t pay on their student loans and so they politicize their refusal to pay by going on strike in coordination with demanding student debt relief,\u201d Brewington said.\u00a0<\/p>\n<p>Some borrowers went on strike after they worked out through their income-driven repayment plan that they would be paying $0 a month. Some were already in deferment and not paying on their loans so they characterized it as a strike.\u00a0<\/p>\n<p>\u201cThe last thing we want is for people to financially harm themselves. We were not encouraging people to, we\u2019ve never encouraged them to default on student loans,\u201d Brewington said. \u201cAnd I think that\u2019s maybe sometimes when people think.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr5_ab\"><\/aside>\n<p>\u201cIt\u2019s using the tools available to us to some creative and some less creative to find a way to keep money in your pocket to go towards your necessities, rather than going to the Department of Education,\u201d he added.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bidens_plan_makes_the_debt_strike_easier\"><\/span><strong>Biden\u2019s plan makes the debt strike easier<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While the movement caught the attention of some borrowers in the past, Biden\u2019s \u201con-ramp\u201d repayment plan has made the pitch easier for individuals to join the cause.\u00a0<\/p>\n<p>Although payments are restarting in October, borrowers will not see financial consequences, aside from accruing interest, if they don\u2019t pay on their loans until October 2024.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr6_ab\"><\/aside>\n<p>\u201cIt\u2019s actually never been easier to go on a student debt strike,\u201d Brewington said.<\/p>\n<p>\u201cIn many ways, it\u2019s just literally refusing to pay for a lot of people that will probably be at least for a year. And then I think you can sort of bet on something h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening because, you know, the alternative is the Biden administration going back to those sort of harsh consequences a month before the presidential election, which seems unlikely,\u201d he added.<\/p>\n<p>The end goal of the student debt strike is not to negotiate with the department but so that borrowers will never have to pay student loan debt again.<\/p>\n<aside class=\"ad-unit ad-unit--mr7_ab\"><\/aside>\n<h2><span class=\"ez-toc-section\" id=\"A_small_movement_with_criticisms\"><\/span><strong>A small movement with criticisms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are more than 45 million student loan borrowers in the U.S., with many having never heard of this type of strike or having no interest in it.\u00a0<\/p>\n<p>However, Brewington said they\u2019ve seen a couple of thousand people sign up and that their end goal was not to get all borrowers on board.\u00a0<\/p>\n<p>\u201cWe don\u2019t need 45 million people participating in the debt strike for it to be effective or to make a political statement,\u201d Brewington said.<\/p>\n<p>However, other student loan advocates believe the call is ignoring the larger issues and plays into the hands of debt collectors.\u00a0<\/p>\n<p>\u201cThere\u2019s kind of a semantic difference. But the other key difference here is it\u2019s quite irresponsible to call for people who can pay to stop paying their loans. Because in the absence of bankruptcy protections, that only plays into the student debt collection industry\u2019s hands,\u201d Collinge added.<\/p>\n<\/div>\n<p>Copyright 2023 Nexstar <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a> Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/homenews\/education\/4145990-quite-irresponsible-what-to-know-about-the-student-debt-strike\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While many borrowers are preparing to make payments on their student loans when they restart in October, others are ignoring their accounts and going on what has been labeled a \u201cstudent debt strike.\u201d A movement led by the student loan group Debt Collective, the strike is not as clear cut as it seems. In contrast&#8230;<\/p>\n","protected":false},"author":1,"featured_media":586374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/649f5ffa91ce60.71140145.jpeg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[79296,134343,73798,10574,134661,141609,991,34149,134345,144965],"class_list":["post-586373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-accessibility","tag-campaign","tag-defense","tag-education","tag-energy-environment","tag-evening-report","tag-joe-biden","tag-latino","tag-state-watch","tag-student-debt-strike"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/586373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=586373"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/586373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/586374"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=586373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=586373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=586373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}