Student Loan Forgiveness Introduced in the House

The newly introduced HR 4170 is an incredibly important piece of legislation for ANYONE with a student loan. It includes three key provisions that would be monumental.
1. The absolute forgiveness of loans after a period of 10 years in repayment
2. The inclusion of private loans in the forgiveness mandate
3. The ability to consolidate private student loans using Federal Direct lending programs
It DOES NOT include the restoration of bankruptcy protection to student loans, but there is a promise on the table to do so by Rep. Clarke (D-MI) who is responsible for this bill.
Oh yeah, and its funded by taking from the ‘overseas contingency operation’ AKA the endless war on terror. (In case you don’t make it to the end, in which case you might wonder why the bill must go before the Committee on Foreign Affairs and Armed Services.)
SURE, it is not JUBILEE. It is not DEBT STRIKE. But it shows that pressure on congress to deal with debt slavery is moving toward potential solutions for ‘everyday people.’
DO [at least] TWO THINGS:
1. READ THE BILL
http://www.forgivestudentloandebt.com/content/student-loan-forgiveness-act-2012-hr-4170-bill-text
2. SIGN THE PETITION
http://signon.org/sign/want-a-real-economic
3. SHARE IT WITH OTHERS
4. DON’T HIDE OR BE ASHAMED OF YOUR DEBTS
5. ORGANIZE AN ACTION; PARTICIPATE IN AN ACTION AS A ‘SURVIVOR’ OF THE STUDENT LOAN CRISIS

You should also be aware of the following campaigns and bills:

HR 2028 which is the Private Student Loan Bankruptcy Protection Act of 2011
Details here: https://www.popvox.com/bills/us/112/hr2028
Facebook page: https://www.facebook.com/pages/Restore-Student-Loan-Bankruptcy-Protections/175606192505132

S1102 Fairness for Struggling Students Act
Details here: https://www.popvox.com/bills/us/112/s1102
Dick Durbin’s page here to ‘share your story’: http://durbin.senate.gov/public/index.cfm?p=private-student-loan-stories

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