I saw this post on Default: The Students Loan Documentary‘s Facebook page and I knew that you would be interested in reading about it:
Rep. Hansen Clarke (D-MI-13) introduced the Student Loan Forgiveness Act of 2012 (H.R. 4170) on March 8, 2012. If enacted, this legislation will provide student loan forgiveness for federal education loans, allow private student loans to be refinanced into federal direct consolidation loans and cap all federal student loan interest rates at 3.4%.
This legislation would address some of the calls for student loan forgiveness raised by forgivestudentloandebt.com and the Occupy Wall Street protesters.
Of course this has not been passed, but it’s a great step in the right direction. To read the whole article on Fastweb, click here.
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