It may seem shocking at first. But there are strong arguments to support student loan debt forgiveness.
President Obama’s proposal for tuition-free community college education, and the broader discussion which it has inspired, confirms our belief that it is time for a comprehensive solution to a $1.3 trillion problem: student debt in the United States.
We strongly support the concept of tuition-free public higher education, and are encouraged by renewed arguments in its favor. But we must also confront what has been done to the last several generations of students. They have been forced to take on debt that is crippling to them, to our economy and our society.
A student debt “jubilee” would reflect both the values upon which this nation was founded, and the economic principles which have sustained it through its greatest periods of growth and prosperity.
It is time for a truly transformative idea: Let’s Abolish All Student Loan Debt in America.
If you agree, click here to take action: Support the Student Debt Jubilee.
Jubilees Then and Now
The Liberty Bell represents our nation’s core values, combining personal freedom with community action. The words inscribed on the Bell – “Proclaim liberty throughout the land, and to all the inhabitants thereof” – are from the Book of Leviticus and refer to a Biblical “Year of Jubilee,” when all debts were periodically forgiven by the nation’s rulers. […]
—Richard (RJ) Eskow, Mary Green Swig, Steven Swig , Huffington Post