Astra Taylor

Lifting the lid on predatory lending

“For those following the work of the Debt Collective & the broader campaign against for-profit education, a quick update: student debtors fighting for loan cancellation keep making inroads, even under the Trump admin.”

The Big Idea

Astra is driven to help individuals take back control of their own debt data and financial futures. Predatory lending and exploitative debt practices cripple borrowers, and have significant consequences.

While it is easy to blame individual lenders for bad behaviour, the problem is much more systemic. Through the Debt Collective Astra is challenging established predatory practices and core beliefs around indebtedness with lenders and borrowers.

Why We Funded

Highlights and outcomes:

Astra focussed on enabling debtors to leverage the power and knowledge of a collective, and mobilize as a community to defend themselves against predatory lenders. By applying openness to the opaque, black box processes of the financial industry, The Debt Collective highlighted the gross inequalities in a predatory system that actively targets vulnerable and minority people.

Her fellowship was a phenomenal success, both in terms of numbers and moving the conversation about debt into new territory. After creating a set of dispute tools, Astra and The Debt Collective helped US students wipe off over a billion dollars of debt and won policy change under the Obama administration. Despite that political win being rolled back under Republican interests, the community continues to grow and make significant progress. Members now fight against all kinds of debt issues, including wage garnishments, commercial loans and credit report errors. Next in line is mortgage, medical and criminal justice debt.

Astra continues her important work with The Debt Collective, while exploring the broader theme of justice and how cultures and countries are built on rules often ignored by those that dictate them. She recently released a thought-provoking film - What is Democracy? - and wrote a companion book, Democracy May Not Exist But We’ll Miss it When It’s Gone.

Astra on the fellowship model:

“When an organisation says they want you to learn and we want you to be honest about your trials and tribulations, it’s hard to know if they really mean that.

One of the most interesting things for me was, wow, the Foundation really means it. It has created a space where learning is valuable. It’s really rare and I can see how unique it is.”

Flash Grants

Sanghapali Aruna
Taeyoon Choi
Sofía Unanue
Molly Hemstreet
Rachel Herzing
Ramsey Nasser
Kelsey Kauffman