CANCEL STUDENT LOAN DEBT
As of 2021, approximately 45 million Americans held student debt, with an average balance of approximately $30,000.00. This total balance is a staggering $1.5 trillion, and represents an insurmountable burden for many debt-holders who will never own their own homes or be able to repay the debt due to predatory interest rates.
Since 2005, after a bipartisan bill was passed through Congress and made into law, student debt is unable to be discharged through bankruptcy – a stark contrast to almost every other form of debt.
That, combined with the fact that the majority of student loans are government-backed or government insured means that both private and public universities and colleges have every incentive to continue raising the price of tuition – so much so the cost of tuition has risen at 5x the rate of an already staggering level of inflation over the last 10 years.
This issue is complex and multifaceted – but we aim to get sweeping legislation imposed that:
- Cancels existing student loan debt
- Places hard limits on the amount that colleges and universities can raise tuition year over year; and
- Limits interest on student loan debt so that debt taken on can actually be repaid.
- Monthly Subscriber Goal 8%
Not enough data yet!
Hear From Our Top Subscribers
Be an early adopter!
Why Subscribe?
Initial Meeting – 05/1/2022
First Meeting – 06/1/2022
Second Meeting – 07/01/2022
Why should I subscribe and not just support my party or give to a nonprofit?
In short? Control. When you give to any other organization you give up control over where your money goes and what you actually contribute to. And let’s be honest, politicians only keep their promises sometimes. With Pillars, you support individual issues and vote along with people who believe in the same things on how to make it happen.
What happens if we don’t reach $5,000/month?
You can cancel or continue your subscription, and you and the other subscribers democratically decide what happens with the funds already gathered – whether that be a short-term lobbying effort, public awareness campaign, political donations, or whatever else you corporately decide!
Which lobbyist will we hire?
It’s up to you! (within reason). Once we reach a minimum monthly fund threshold, Pillars will compile a list of lobbyists within this particular niche, then filter that list down based on affiliation (which side of the issue they’re on) and cost, then bring the choices to the community of subscribers to decide.
What if you can’t find a lobbyist?
That’s highly unlikely. But in that event, there are typically three options available which you and the rest of the cause community will vote on: 1) contribute the funds to a nonprofit in the space, aiming for an agreement that they will only use those funds for this specific issue; 2) fund a public awareness campaign, or; 3) we will register and train Pillars employees on these specific issues, then go and lobby ourselves (but only with the express permission of the community)
What if we’re not successful?
So long as you’re committed, we’ll keep trying! Politics is (sometimes) a slow process – but progress is worth fighting for.
SUBSCRIBER COMMUNITY HUB
LEGISLATIVE HISTORY
S.2235 - A Bill to discharge the qualified loan amounts of each individual, and for other purposes
S.359 - Student Debt Relief Act of 2007
S.256 - Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
MEDIA COVERAGE