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
Understanding Poverty: Mark Rank
Public-Private Paradox: Colin Jerolmack
Reproductive Rights Update: Earbuds Podcast Collective
Solidarity and Mutuality: Manuel Pastor
Faith and the Social Contract: Rev. Dr. Emma Jordan-Simpson
Technocracy and the Social Contract: Latanya Sweeney
Social Contract and Taxes: Sarah Christopherson
Exclusions in the Social Contract: Eduardo Porter
Ending Subminimum Wage: Saru Jayaraman
Stand Up for Science: Lee McIntyre
Our Public Health: Michele Goodwin
Contract for the Climate: Keya Chatterjee
A New Social Contract: Minouche Shafik
The Social Contract - History of a Big Idea: Melissa Lane
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Legislating for Change: Jessica González-Rojas
The Power of Voting: Cristina Tzintzún Ramirez
Building Progressive Power: Lala Wu
Run for Something: Amanda Litman
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