Total outstanding student loan debt in America is expected to exceed $1 trillion this year.
Millions of hardworking, taxpaying, educated Americans are being crushed under the weight of the educational debts, while the economy continues to sputter.
Last week, U.S. Rep. Hansen Clarke, D-Mich., introduced the Student Loan Forgiveness Act of 2012 in the House of Representatives. The bill has been referred to House Committee on Education and the Workforce, which is chaired by Rep. John Kline, R-Minn.
The bill would provide a big relief to students who are struggling to pay back those loans needed to go to college.
Congress may finally understand that education’s not merely a commodity you buy. Education is an investment in the nation’s security. A student’s commitment to education meets the nation’s interests. It deserves the nation’s support by low-interest, easy-pay-back loans. Clarke’s student loan bill would be financed with money saved by no longer fighting needless wars in Afghanistan and elsewhere.
I signed the petition that supports this bill and I urge others to do the same by going online to http://signon.org/sign/support-the-student-loan and sending a message to Washington. The petitions will be delivered to Congress and President Barack Obama.