Student Loan Payback
A Win-Win Process to ease the severe hardship of having to pay back large College Loans
Many young American College Graduates are faced with dismal employment opportunities, often having to work extremely low paying jobs just to meet monthly living obligations. Based on these circumstances and the costs for repaying student loans that often exceed $100,000.00, they are unable to meet their obligations. This petition outlines a win-win process that will facilitate repayment of these loans by allowing a 100% tax write off for each dollar repaid against a student loan by the graduate or a benefactor that wishes to assist the graduate in fulfilling this obligation. These young people all want to become contributors to our great country through their tax contributions, but due to the circumstances are unable to even meet the basic living expenses. America wins by affording the graduate to pay his/her loan and the graduate wins based on leveraging the money that would be paid in taxes by allowing them instead to begin the process of paying their student loan obligation.
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