Pass H.R. 2028-The Private Student Loan Bankruptcy Fairness Act of 2011
  • Petitioned The Subcommittee on Courts, Commercial and Administrative Law

This petition was delivered to:

The Subcommittee on Courts, Commercial and Administrative Law
Travis Norton-Legislative Counsel, House Judiciary
Chairman of the Subcommittee
Howard Coble
Lamar Smith-Chairman, House Judiciary
South Carolina-04
Rep. Trey Gowdy

Pass H.R. 2028-The Private Student Loan Bankruptcy Fairness Act of 2011

    1. Petition by

      Moshe Schulman

Graduates swimming in private student loan debt are finding it increasingly difficult to make their monthly payments. Private banks don't offer economic hardship programs, deferments, and consolidations. That's why we need to pass H.R. 2028, a bill that will help graduates with unmanageable private student loan debt file for bankruptcy.

On July 11, 2011, Speaker of the House John Boehner referred H.R. 2028 to the Subcommittee on Courts, Commercial, and Administrative Law, where it has been sitting, neglected, ever since. In the meantime, graduates with private debt continue to suffer, while businesses freely file for bankruptcy. Tell the Subcommittee on Courts, and Administrative Law to pass H.R. 2028, bringing the bill one step closer to becoming law.

Recent signatures

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    1. Reached 100 signatures

    Supporters

    Reasons for signing

    • Courtney Katz LONG BRANCH, NJ
      • over 2 years ago

      I have a $50,000 private education loan with a 10% interest rate through citibank, and almost $50,000 in a multitude of other loans including Sallie Mae. I am unemployed and Citi won't give me a deferment. I'm on the verge of bankruptcy, which won't even help!!!

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    • Roger Sanchez PAGOSA SPRINGS, CO
      • over 2 years ago

      Changing economic employment trends should reflect educational loan rates...Skyrocketing debt/rates vs. lower trending avg. salary = life difficult to enjoy and debt difficult to pay back...

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    • Gene Abraham HILO, HI
      • over 2 years ago

      I was lied to by financial loan officers, told i would easily make $250,000 on graduation, sadly only make about 25k a year, and can't declare bankruptcy

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    • Lisa Hiser KENDALLVILLE, IN
      • almost 3 years ago

      My husband and I could not afford to help our 2 children with college expenses and, with insufficient amounts of federal funding available, they were forced to turn to private loans to pay their tuition costs. Now they are drowning in student loan debt, one of them is unemployed, and the other one barely makes enough money to pay her living expenses. Private lenders will keep lending so much money that no one can every hope to repay and then won't work with people when they are unable to make the monthly payments!!!

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    • J W SACRAMENTO, CA
      • almost 3 years ago
      REPORT THIS COMMENT:

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