Support the Student Loan Forgiveness Act of 2012
- 2Mar 16, '12 by cali_nature_girlover 205,000 signatures since monday night! support the student loan forgiveness act of 2012!!! please sign, then share share Tif we want to make our voices heard in the house of representatives then we need more signatures! this is worth the minute it may take you to sign the petition! and i don't doubt that you or at least someone you know has or will have student debt when they graduate from college, so please take the time to sign thanks everyone!Last edit by JustBeachyNurse on Aug 20, '12 : Reason: Tos
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- 4Mar 17, '12 by elkparkWhy would I support this? I thought carefully about the loans I took out to help pay for my education, and I paid them back within the standard time frame. I expect others to do the same. No one holds a gun to anyone's head and makes her/him take out excessive amounts of loans to attend college or graduate school -- IMO, people need to be more thoughtful and sensible about the choices they make about this, not ask to be bailed out when it turns out they made poor decisions.
- 1Mar 18, '12 by futurenurse310What happens to my cousins who had to work their butt off to finally pay for ALL of their loans. Do they get a break too? I thought people KNEW how much loans they were taking out before signing for them. Borrowing 100 bucks then wanting to only pay back 50. Smh
- 3Mar 18, '12 by MN-NurseThe only part of the bill that makes sense is keeping the interest rates low. (3.4%).
The 10/10 rule is stupid, stating if you make payments equal to "10% of discretionary income for 10 years, the remaining student loan debt is forgiven"
Discretionary income is what is left after taxes and personal necessities have been paid. This number can often be in the hundreds of dollars. So let's say someone has $250 left over after ALL the bills have been paid (a position that might be considered enviable by many in this economy). So they pay $25 per month for 10 years.
That's $3,000. And the balance is forgiven no matter how much? No, that doesn't make sense.
Paying off loans through public service does make sense and I support those efforts. But overall, it's a bad bill.
- 0Mar 26, '12 by KristeyKHate that too mindlor. If you can't pay for it, either don't buy it, go to school for it, or pay the consequences of not being able to purchase anything again and having your paycheck garnished. People need to take RESPONSIBILITY for themselves, not ask the taxpayers to do it for them.