We are in a massive student debt crisis. $1.7 trillion of student debt is owed by 44 million people in the United States. This student debt crisis is especially hurting young people already stunted by rising housing prices, low wages, and recessions. And many young people know that the effects of student debt reach far beyond debt holders. Student debt affects our families, our loved ones, and our larger communities. It limits our ability to dream about building the future we deserve. Millions are putting their futures on hold – buying a house, getting married, having children – because they can barely keep up with their monthly student loan payments.
This is why we launched Dreams Not Debt — to build a future we young people are financially free to dream and not be held back by student debt.
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How you can take action
Sign the Petition today
A problem as massive as the student debt crisis requires bold solutions. That’s why we are calling on the Biden Administration to:
- Take bolder steps in addressing the student debt crisis by canceling all current student debt
- Reform the student loan program to mitigate future student debt
- Make public colleges and universities free for all students
Share your Student Debt Story
Whether you currently have student debt or are worried about future student debt, we want to hear your story. We want to know what future you are not able to dream up for yourself because of student debt.
Those in power like President Biden must hear the stories of those with student debt and take action on the student debt crisis. We deserve the right to dream freely, not be held back by student debt.
Read student debt stories
Have a student debt story to share? Submit your story here.
Learn More about our Student Debt Work
How local organizations are tackling student debt
Organizations in the Alliance Network have been tackling the issue of student debt and college affordability for years at the local level. From fighting for ballot measures to ensure state investment in higher education to protecting the rights of student loan borrowers, youth organizers in the Alliance Network fight to protect past, present, and future students. Learn more about their efforts and wins in our latest blog post.
Watch our Instagram Live with Network Leaders fighting student debt
On Wednesday, June 9th, we hosted another Alliance Chat on Instagram Live about student debt. We chatted with leaders in the Alliance Network who are organizing around student debt and college affordability in their community.
– Morgan Royal, New Era Colorado
– Kalia Harris, Virginia Student Power Network
– Kalesha Scott, Ohio Student Association
– Gnora Gumanow, Alliance for Youth Action (Host)
Learn more about financial aid and why it is not enough
Back to School, Deeper in Debt
Paying for school is one of the largest stressors for students. While the United States has built financial aid systems like FAFSA (Free Application for Federal Student Aid) to lessen the financial burden, these systems fall short. About $1.7 trillion short. Our current financial aid system for higher education is not working because it was not built for our generation.