Pass The Private Student Loan Bankruptcy Fairness Act of 2011
  • Petitioned U.S. Congress

This petition was delivered to:

U.S. Congress
U.S. House of Representatives
U.S. Senate

Pass The Private Student Loan Bankruptcy Fairness Act of 2011

    1. Dwayne Etchison
    2. Petition by

      Dwayne Etchison

      Anderson, IN

In 2005 Congress passed a law that protected private unsecured student loans against bankruptcy. This is an unfair practice and allows financial institutions federal protection on a private debt. This would be likened to not being able to discharge a credit card in bankruptcy because the credit card was protected by federal law. It is not fair to the consumer and negates the true reason for bankruptcy to begin with. A bill has been introduced to bring fairness once again to the bankruptcy law. H.R. 2028 is that bill.

Recent signatures

    News

    1. Reached 1,500 signatures
    2. Obama providing some relief on federal student loans.

      Dwayne Etchison
      Petition Organizer

      This last week President Obama provided some relief to students for their loans. Unfortunately for us this did not include any provisions for private student loans. We still need to keep fighting for this. This is an election year so it might be very unlikely that something will happen but if we make our voices heard hopefully we can change that trend.

    3. Student loans outstanding will exceed $1 trillion this year

      Dwayne Etchison
      Petition Organizer

      This shows the plight that students are facing and shows that the law is unbalanced and unfair to students and needs to be changed...

    4. Reached 1,000 signatures
    5. Keep it up!

      Dwayne Etchison
      Petition Organizer

      I would like to remind everyone to contact their elected officials in both the House and Senate. We have to get this bill passed commitee and onto the floor to actually have in considered, now is the time to make noise and make our thoughts known. As always invite your friends and anyone who shares this opinion. The current law stands as a failure in consumer protection, and need to be changed.

    6. Reached 750 signatures
    7. Just an Update...

      Dwayne Etchison
      Petition Organizer

      I am in the middle of talking to both the education editor here at change.org and the sponsors of this bill... We are trying to get together a strategy in order to tackle this issue head on. Stay Tuned...

    8. Reached 250 signatures
    9. Almost 200!

      Dwayne Etchison
      Petition Organizer

      We are almost at 200 which is 20% of our current goal... keep the linking happening all.. and thank you

    10. Featured on the Education Page

      Dwayne Etchison
      Petition Organizer

      After talking with the Education Director here she has decided to put our petition on the main education page and hopefully give us some more exposure. Also she is talking with her team about steps we can take to have our voices heard.

    11. Reached 100 signatures
    12. Nearing 100 Signatures

      Dwayne Etchison
      Petition Organizer

      The count now stands at 92 and climbing fast, everyone make sure to tell your friends and share on facebook. Also make sure not only that you sign the petition but make it count by clicking on the link above and writing your representative.

    13. Reached 50 signatures
    14. Almost to 1/4 of what we need for a 100 signatures in the petition!

      Dwayne Etchison
      Petition Organizer

      Make sure if you havent already to jump on this page and click the facebook share link, tweet it if you have twitter, and email your friends. This has the potential to explode exponetially if we start a chain and make some noise we should be heard.

    15. Reached 10 signatures
    16. Petition Just started!

      Dwayne Etchison
      Petition Organizer

      Thank you for signing... The obvious next step is to both sign the petition and write your representative. you can do that by clicking on the link above!

    Supporters

    Reasons for signing

    • Rebecca Wolfe CALIFORNIA, MO
      • almost 3 years ago

      Student Loan Debts over $70,000 - Current Salary $33,000 per year = Never Get Ahead!

      REPORT THIS COMMENT:
    • matthew kirsch CLYDE, OH
      • almost 3 years ago

      College tuition is outrageous. I feel robbed by the education i received. i once sat in an artist management class (music business major) taught by someone that was no more qualified than i was at that time. And that school was allowed to function and charge KIDS multiple thousands of dollars for that education. These colleges are robbing kids not only of a quality education but of the chance of living a quality life. Private loans should be treated just like a mortgage especially seeing how the total is exceeding some peoples mortgage amounts. SHAME ON THE EDUATION SYSTEM

      REPORT THIS COMMENT:
    • Judith Prescott CLEVELAND, OH
      • almost 3 years ago

      I believe in separation of financial institutions and government

      REPORT THIS COMMENT:
    • B L VANCOUVER, CANADA
      • almost 3 years ago

      I support this cause. Please also check out the Petition I created to help stop human trafficking in British Columbia. http://www.change.org/petitions/minister-of-public-safety-and-solicitor-general-stop-turning-a-blind-eye-to-human-trafficking-in-british-columbia

      REPORT THIS COMMENT:
    • Steven Graziano SAN JOSE, CA
      • almost 3 years ago

      As a former student of the Art Institute, I am now over 100k in debt for an 'education' that was insubstantiative and blatantly cared more about squeezing the most money out of students than giving them a competent education.

      REPORT THIS COMMENT:

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