Hats off to Congressman Hanson Clarke (D-Mich) for introducing the Student Loan Forgiveness Act of 2012. This legislation is way past due.
As it is, says Clarke, loan debt is creating such a burden that many college grads are unable to start businesses, invest or buy homes, and students are forced to go into significant debt to obtain the education usually required for earning a living wage. College students and parents supporting them, as well as anyone who's graduated within the last 15 years knows this problem is real, and it's serious.
Even though the legislation is not perfect, says Student Loan Ranger, it should help many, forgiving some loans after ten years of payment and capping new loans at 3.4% interest. The Daily KOS calls the act a "REAL economic stimulus and jobs plan" - one we all should support.
Tell Congress and Obama You Support the Student Loan Forgiveness Act of 2012.
As it is, says Clarke, loan debt is creating such a burden that many college grads are unable to start businesses, invest or buy homes, and students are forced to go into significant debt to obtain the education usually required for earning a living wage. College students and parents supporting them, as well as anyone who's graduated within the last 15 years knows this problem is real, and it's serious.
Even though the legislation is not perfect, says Student Loan Ranger, it should help many, forgiving some loans after ten years of payment and capping new loans at 3.4% interest. The Daily KOS calls the act a "REAL economic stimulus and jobs plan" - one we all should support.
Tell Congress and Obama You Support the Student Loan Forgiveness Act of 2012.
