Requesting Cosponsors To Discharge Student Debt through Bankruptcy: H.R.449 - 114th Congress (2015-2016)
H.R. 449 Needs Cosponsers- Petition your congressmen to act!
Dear Members of Congress,
Bankruptcy protections should never have been removed from any student loans in this nation. In general, we believe it is very clear at this point that removing bankruptcy protections from both private and federal student loans has led to predatory lending behavior, has enabled unchecked inflation in the cost of college, has led to intolerably poor oversight in the case of federal loans, and caused a plethora of other negative consequences that have far outweighed any short term financial benefits to the lending side of the system. The harm this has done to the citizenry has been incalculable. Therefore, we believe that bankruptcy protections must be returned to all student loans as quickly as possible. The current legislation is an important start, however, and so we look forward to its quick passage.
Please cosponser H.R. 449 to help generations of Americans struggling with the financial burden of student loan debt.
Signed,
Bankruptcy protections should never have been removed from any student loans in this nation. In general, we believe it is very clear at this point that removing bankruptcy protections from both private and federal student loans has led to predatory lending behavior, has enabled unchecked inflation in the cost of college, has led to intolerably poor oversight in the case of federal loans, and caused a plethora of other negative consequences that have far outweighed any short term financial benefits to the lending side of the system. The harm this has done to the citizenry has been incalculable. Therefore, we believe that bankruptcy protections must be returned to all student loans as quickly as possible. The current legislation is an important start, however, and so we look forward to its quick passage.
Please cosponser H.R. 449 to help generations of Americans struggling with the financial burden of student loan debt.
Signed,
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