In the light of Congress’ failure to keep student loan rates from doubling, SJS wanted to remind everyone to support the Student Loan Fairness Act which would solve the current problem by default. The Act currently sits before Education & Workforce Committee. The legislation would do the following as per Representative Bass’ website:
- The 10-10 standard: an individual would be required to make ten years of payments at 10% of their discretionary income, after which, their remaining federal student loan debt would be forgiven.
- A Federal interest rates cap at 3.4%.
- Existing borrowers, whose educational loan debt exceeds their income, can convert their private loan debt into federal Direct Loans, and enroll into the 10/10 program.
Please Sign the petition, share this post on Facebook and Twitter, call Representative Bass, or contact the U.S. House Committee on Education and the Workforce using the information below. Go to http://bass.house.gov/bill/student-loan-fairness-act for more information.
Support The Student Loan Fairness ActRead the petition
|Representative Karen Bass
408 Cannon HOB
Washington, DC 20515Phone: (202) 225-7084
Fax: (202) 225-2422
U.S. House Committee on Education and the Workforce
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