Requesting cosponsors for HR 3451: The Student Loan Bankruptcy Parity Act of 2015
Public Comments (779)
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Oct 5th, 2015Someone from Taos, NM signed.
Oct 5th, 2015Someone from Manor, TX signed.
Oct 5th, 2015Someone from Quincy, IL signed.
Oct 5th, 2015Someone from Cle Elum, WA signed.
Oct 5th, 2015Someone from North Attleboro, MA signed.
Oct 5th, 2015Someone from Bordentown, NJ signed.
Oct 5th, 2015Someone from Lincoln, NE signed.
Oct 5th, 2015Someone from Indianapolis, IN signed.
Oct 5th, 2015Someone from Raleigh, NC signed.
Oct 5th, 2015Someone from Indianapolis, IN signed.
Oct 5th, 2015Someone from Fayetteville, NC signed.
Oct 5th, 2015Someone from Stillwater, OK signed.
Oct 5th, 2015Someone from Brooklyn, NY signed.
Oct 5th, 2015Someone from Reno, NV signed.
Oct 5th, 2015Someone from Riverside, CA signed.
Oct 5th, 2015Someone from Sun Valley, CA signed.
Oct 5th, 2015Someone from Urbana, IL signed.
Oct 5th, 2015Someone from Garland, TX signed.
Oct 5th, 2015Someone from Hazard, NE signed.
Oct 5th, 2015Someone from Santa Cruz, CA signed.
Oct 5th, 2015Someone from Cotati, CA signed.
Oct 5th, 2015Someone from Portland, OR writes:
Open Letter to Sallie Mae on my Student Loans I, like so many others, have student loans which are coming due in the next year or so. As a Student, I had no concept of which loans I should choose and why. I just wanted to go to school and get an education and be somebody. So, I took on Student Loans. I got Pell Grants, too, but Student Loans were by far and away the most pushed and most plentiful of the options available to me to be able to afford to pay for College during my Matriculation. I took loans. I studied. I took tests. I played Intramural sports. I had the occasional beer. I asked out the pretty girl...she said no. I went to College! Eventually, I graduated with a Masters Degree(so, I would argue I am not especially stupid) and...$60,000 in student loans! This did not seem so daunting in those heady days at the end of the last Century. Youthful enthusiasm assured me I would soon fulfill all my dreams and be a massive success, so no big deal...right? RIIIIIIGHT! NOW I realize just how much those choices in my youth have burdened the rest of my life. Ignorant and uninformed, I took ANY LOAN they put in front of me. I was not, to my memory, even counseled about Subsidized Loans--loans where the Government pays the Interest while they are in Deferment. Loans which are not subsidized--LIKE MINE-- allow for CAPITALIZED INTEREST! This causes the loans to grow, and Grow and GROW! NOW my loans are coming due, and--due to the nefarious Capitalization of Interest-- are OVER $300,000!!! My MINIMUM PAYMENT IS ALMOST $3000 PER MONTH?!?!?! I feel like the Poster Child for having been taken advantage of. I feel duped. I have no idea HOW I will ever be able to make such a payment or ever repay these loans, and I fear my CREDIT "life" is, for all intents and purposes, OVER. Sallie Mae has MISMANAGED my loans--they even acknowledged so, and reduce my loans by over $17,000 in illegally applied CAPITALIZED INTEREST in the late 1997! I believe Sallie Mae to be Charlatans and Scoundrels! They have committed so many egregious acts against their Customers, they have now changed their name to Navient. Hmmm... Yes, I took on these loans, but I wish I had had better counseling by a Mentor who actually had MY BEST INTERESTS at heart, not just shuffling one more stupid, poor kid across the hall to sign the papers and get 'em in class. I don't believe it was nefarious on any one individual's part, but If I knew THEN what I know NOW...well.... It also seems unfair that I cannot even take advantage of the new 10% repayment option Obama signed into law recently, just because I went to school in the 90's? WHY!? My interest rate is 8.25% and I can't even Refi? WHY!? This all seems so unfair. SO many of US need help. Please, give more options TO HELP those of us in dire straits to NOT DEFAULT!!! I WANT TO PAY MY LOANS BACK. Pure and simple. How can I pay my loans back when the "System" has got me in its clutches, so hamstrung and paintedOct 5th, 2015Someone from Lompoc, CA signed.
Oct 5th, 2015Someone from Pittsburgh, PA signed.
Oct 5th, 2015Someone from Fort Collins, CO signed.
Oct 5th, 2015Someone from Poulsbo, WA signed.
Oct 2nd, 2015Someone from Dallas, TX signed.
Oct 1st, 2015Someone from Port Saint Lucie, FL signed.
Oct 1st, 2015Someone from Fort Lauderdale, FL writes:
I was defrauded by the for-profit scam college ITT Technical Institute in Fort Lauderdale. There is absolutely no recourse for me and the tens of thousands of others. The ITT Tech Warriors are fighting back for justice from this fraud. Bankruptcy protection would be a good first step but we need the Department of Education to accept our defense to repayment applications that they are currently ignoring. We aren't going away. ITT Tech has ruined our lives and will not own up to it. ITT Tech is being sued for fraud and predatory lending by the Consumer Finance Protection Bureau, The Securities Exchange Commission and over a dozen attorneys general. Their stock has plummeted from over $100 per share down to $3 per share due to their fraudulent behavior. Try to find a good review about ITT Tech on Google.REPORT COMMENTS
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No, CancelSep 30th, 2015Someone from Nokomis, FL signed.
Sep 30th, 2015Someone from Fort Lauderdale, FL signed.
Sep 30th, 2015Someone from Durham, NC writes:
I have a six figure student loan debt with an 8% interest rate and no bankruptcy option. However, if I were a major corporation I could file for bankruptcy repeatedly to give myself a brand new start. How is that legal? I feel like I am punished for advancing my education and wanting more out of life.REPORT COMMENTS
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No, CancelSep 29th, 2015Someone from Auburn, WA writes:
Student loans have drastically changed my life. Should have been the education that did that right?REPORT COMMENTS
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No, CancelSep 29th, 2015Someone from Pompano Beach, FL writes:
Bankruptcy was a constitutional right given to the people of America before the right to bear arms and before the right form a militia. Allowing giant corporations to claim bankruptcy with billions of dollars in assets yet not allowing an individual whose life can be crushed by debt allows the business sector unfair leverage and has created the predatory nature of the mortgage and privatized educational industries.REPORT COMMENTS
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No, CancelSep 29th, 2015Someone from Clinton, NC writes:
It's atrocious when people are preyed upon! Especially students,the most vulnerable and expolited due to corruption in our social political system!REPORT COMMENTS
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No, CancelSep 29th, 2015Someone from San Bernardino, CA signed.
Sep 28th, 2015Someone from Oakland, CA signed.
Sep 28th, 2015Someone from Saint Clair, MI signed.
Sep 28th, 2015Someone from San Antonio, TX writes:
I was a young single mom, divorced from an abusive ex-husband. With 3 little mouths to feed, I went back to school to earn a degree so I could earn more than minimum wage at a job. Found out quickly that Food Stamps and Medicaid are not allowed for FT students (tho they work PT and still have the same 3 little mouths to feed). Student loans (as someone else mentioned, ?handed out like cotton candy?) helped out. My story is similar to many others here. Graduated with ~$30K debt. Decades later, after paying back ~$13K, many stops and starts, fees, penalties and what seems to be arbitrary interest add-ons. ~$50K "balance owed" STILL remains!! YES  $30K - $13K = $50K. (Fuzzy math!) I?m now 63 with eight grandchildren and can't even THINK of helping THEM go to college. While banks who nearly collapsed our economy get/got all sorts of breaks and ordinary Americans can discharge their bad debt... we cannot. Even corporations get fairer treatment. There are millions of us held hostage to this abuse of student loan debt. This is NOT healthy for our economy. I'm fine with paying back MY original debt. These extra fees, penalties and other add-ons make it so that even after monthly car-payment sized payments for years, I believe I?ll still have a balance when I die! At least the current law says my children and grandchildren won't be saddled with this cancerous "balance owed" when I?m gone. PLEASE sponsor and enact HR 3451: The Bankruptcy Parity Act of 2015. Thank you!REPORT COMMENTS
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