Support The Student Loan Forgiveness Act of 2012 (H.R. 4170)
  • Petitioned Rep. John Kline, The U.S. Congress & President Obama

This petition was delivered to:

Rep. John Kline, The U.S. Congress & President Obama

Support The Student Loan Forgiveness Act of 2012 (H.R. 4170)

    1. Robert Applebaum
    2. Petition by

      Robert Applebaum

      Staten Island, NY

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.

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    1. Reached 5,000 signatures

    Supporters

    Reasons for signing

    • Gregory Mellin LEXINGTON, KY
      • about 2 years ago

      Let's relieve some of the crushing debt that ordinary citizens have incurred as a result of the stagnant economy. At the same time, why don't we start matching students to educations they can afford to finance?

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    • Kira Dean WAUKESHA, WI
      • about 2 years ago

      I am someone who has significant school loan debt and without being able to consolidate my private student loans, I have absolutely no options out there to help me. I am able to cover my minimum payments each month but unfortunately no more than that. This will not be able to help me get "above water". Any support to help those in need in such situations, or worse for those who can't even make payments, need this to help us who wanted to better ourselves and our futures!

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    • Daniel Brusstar QUARRYVILLE, PA
      • about 2 years ago

      The interest rates for loans are ridiculous and so is the cost of college. The system is designed to raise/steal our money. NOT to encourage develop and leadership like it should. I regret having gone to college and think it is disgusting the way students have been given this debt sentence.

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    • Susannah Shales KIDWELLY, UNITED KINGDOM
      • about 2 years ago

      Having studied at university in the uk, I am also faced with the same problem. I am unable to consider a family, a house or a business, and without further study I am unable to pursue my career ambitions. Further study is also impossible financially.

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    • Cameron Morris HILLSBORO, OR
      • about 2 years ago

      Everybody in America should be able to afford to go to college, not just the 1%.

      REPORT THIS COMMENT:

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