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.