Wednesday, March 21, 2012

Learn What the Student Loan Forgiveness Act Could Mean for You - Student Loan Ranger (usnews.com)

Learn What the Student Loan Forgiveness Act Could Mean for You - Student Loan Ranger (usnews.com):


Learn What the Student Loan Forgiveness Act Could Mean for You

March 21, 2012 RSS Feed Print
On March 8, Congressman Hansen Clarke (D-Mich.) introduced H.R. 4170, the Student Loan Forgiveness Act of 2012
Normally we don't go into the findings of particular pieces of legislation, but the Student Loan Ranger thinks findings like this are refreshing and show Rep. Clarke is living in the reality most of us inhabit, including:

Total outstanding student loan debt officially surpassed total credit card debt in the United States in 2010, and is on track to exceed $1,000,000,000,000 during 2012; 
Excessive student loan debt is impeding economic growth in the United States. Faced with excessive repayment burdens, many individuals are unable to start 


Equal Justice Works

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Completing the Free Application for Federal Student Aid should be the first step in paying for school.
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The 2012 budget preserves the Pell Grant but cuts important student protections.
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Political contenders should consider the educational debt crisis when touting plans for economic change.