This is BX @ Boxden.com


Jun 12 - Support the Student Loan Forgiveness Act of 2012


 Jun 12 - Support the Student Loan Forgiveness Act of 2012
topic by MysticKJ - 06-12-2012, 03:13 PM - Boxden > BX Daily Bugle - news and headlines


SignOn.org - Support the 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.

-----------------------------------------------------------------------------------
I know some folks on her fussing about student loans. Probably won't do anything but it damn sure won't do anything if you don't do anything...> Jun 12 - Support the Student Loan Forgiveness Act of 2012 - Photo posted in BX Daily Bugle - news and headlines | Sign in and leave a comment below!


Latest News Hot Topics »   share this topic »   Share this on Twitter Share this on Facebook

1 comments for "Jun 12 - Support the Student Loan Forgiveness Act of 2012"


 06-12-2012, 03:17 PMaway - #2
MosDefinition 9 heat pts

  d 
space
$16,730 | POWERFUL
the problem is does the government then take on the forgiven debt?

these banks arent going to just call it even so what happens to the outstanding balances?
 
 


Go Back   Boxden.Com - Stay First. Follow BX. > BX Table Of Contents > BX Daily Bugle - news and headlines
    
         

 



Latest hot topics on fire the past 48 hrs
Oct 30 - Apple CEO Tim Cook comes out: 'I'm proud to be gay'
74 comments
Image inside  Oct 28 - Life under Obama sucks. And these numbers pr..
74 comments
IGN Sunset Overdrive - Review Discussion
94 comments
  How You Can Get A New Ps4 For $275
New reply 36 seconds ago - 202 comments - by SpazzOut
 Article inside Chicago Rapper Bandman Kevo Charged With With Being In...
New reply 6 minutes ago - 199 comments - by NoLastName
 Video inside Throwback: Iggy Azalea Refuses To Freestyle On Sway In...
New reply 1 minute ago - 94 comments - by The Bully
 Image(s) inside Lil Durk's Baby Mama Is A Freak
New reply 18 minutes ago - 95 comments - by Turk3
 Video inside This Guy Asked A Homeless Man For A Slice Of Pizza. An...
New reply 4 minutes ago - 89 comments - by YungPrinceNY
 Video inside Why This Old Nigga Was Stoppin Sh-t Like He Was Goku?
New reply 18 minutes ago - 53 comments - by HeatMafia410
 NBA Reddit User Digs Up Old Tweets From Players
New reply 5 minutes ago - 72 comments - by Wardell Curry II
  Best Rap Album Of 2014?
New reply 18 minutes ago - 104 comments - by QB Eagles

Like BX on Facebook Follow BX on Twitter
5,833 fans of BX | none new today 4,799 following | none new today

hot topic blog   »    hip-hop   |   sports   |   movies   |   games   |   news   |   wild'ish   |   gear   |   rides   |   tech

contact us   |   mobile   |   privacy statement

© Boxden.com. 1998 - end of time.