Support Student Loan Forgiveness Act of 2012

To be delivered to: Rep. John Kline (MN-2), The United States House of Representatives, The United States Senate, and President Barack Obama.
Total outstanding student loan debt in America is expected to exceed $1 TRILLION this year. Millions of hardworking, taxpaying, educated Americans are being crushed under the weight of their educational debts, while the economy continues to sputter. Support a REAL economic stimulus and jobs plan. Support the Student Loan Forgiveness Act of 2012 (H.R. 4170).
 
Since 1980, average tuition for a 4-year college education has increased an astounding 827%. Since 1999, average student loan debt has increased by a shameful 511%.

In 2010, total outstanding student loan debt exceeded total outstanding credit card debt in America for the first time ever. In 2012, total outstanding student loan debt is expected to exceed $1 Trillion.

In short, student loan debt has become the latest financial crisis in America and, if we do absolutely nothing, the entire economy will eventually come crashing down again, just as it did when the housing bubble popped. Reasonable minds can disagree as to the solutions, they cannot, however, disagree on the existence of this ever-growing crisis, as well as the unsustainable course we’re on towards financial oblivion.

As a result of more than 30 years of treating higher education as an individual commodity, rather than a public good and an investment in our collective future, those buried under the weight of their student loan debt are not buying homes or cars, not starting businesses or families, and they’re not investing, inventing, innovating or otherwise engaged in any of the economically stimulative activities that we need all Americans to be engaged in if we’re ever to dig ourselves out of the giant hole created by the greed of those at the very top.

Now for the good news: there’s finally hope on the horizon! Representative Hansen Clarke of Michigan has just introduced H.R. 4170, the Student Loan Forgiveness Act of 2012, in the House of Representatives – legislation designed to lend a helping hand to those struggling under massive amounts of student loan debt.

For a brief summary of H.R. 4170’s main provisions, please copy & paste this URL into your browser: http://tinyurl.com/7akydbk

To read the full version of the actual bill itself, please go here: http://tinyurl.com/6txure8

To read answers to some of the most frequently asked questions about the Student Loan Forgiveness Act of 2012, please go here: http://tinyurl.com/8xh4csd

Student loan debt has an undeniable and significant suppressive effect on economic growth. The Student Loan Forgiveness Act of 2012 directly addresses this enormous boot on the neck of the middle class and represents a glimmer of hope for millions of Americans who, with each passing day, find that the American Dream is more and more out of reach.

Therefore, we, the undersigned, respectfully request that Congress bring H.R. 4170, the Student Loan Forgiveness Act of 2012, up for consideration and commit to holding a straight, up-or-down vote on it this year. Thereafter, we, the undersigned, respectfully request that President Obama sign this legislation into law.
 

NEW goal – We need 525,000 signatures

There are currently 520,227 signatures 


Previous petition signers:
 
Signer
Date
Place
520227.
Barb Little
Apr 12, 2012
Littleton, CO
520226.
Rebecca Tanner
Apr 12, 2012
Albuquerque, NM
 
I fully support this!
520225.
Trevor Byrne
Apr 12, 2012
Silver Lake, CA
 
520224.
Darouny Sonsynath
Apr 12, 2012
Port Huron Township, MI
 
520223.
Varun Chopra
Apr 12, 2012
oakland, CA
 
520222.
Ralyn hunt
Apr 12, 2012
Cheyenne, WY
 
 
I have agreed to make minimum payments back but I’m not paying enough to even cover the interest. my payment is supposed to be 275 all I can pay is 130 you do the math. I actually cosign on my ex’s student loans and since he won’t make payments I’m stuck doing it
520221.
Christina Hall
Apr 12, 2012
Pottstown, PA
 
520220.
Walter Carroll
Apr 12, 2012
Seminole, FL
 
 
Pass this bill.
520219.
Debbie Catlett
Apr 12, 2012
Waldron, AR
 
520218.
Thomas Wilkerson
Apr 12, 2012
Aston, PA
 

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