Support the Student Borrowers’ Bill of Rights

We at StudentDebtCrisis.org have just launched a new petition on MoveOn.org.  It’s in support of Rep. Frederica Wilson’s (D-FL) new bill, H.R. 3892 – The Student Borrowers’ Bill of Rights.

Sign the petition here:

http://petitions.moveon.org/sign/restore-basic-consumer?source=c.url&r_by=5462310

The bill seeks to:

1) Restore bankruptcy protections to ALL student loans, both Federal and Private;

2) Restore the statute of limitations on the collections of student loan debt;

3) Prohibit automatic wage garnishment, attachment of Social Security Benefits or Tax Returns for defaulted borrowers;

4) Prohibit the suspension of professional licenses for defaulted borrowers;

5) Allow partial forgiveness of student loans after FIVE years of public service;

6) Treat loan forgiveness under any repayment plan as non-taxable income; and

7) Allow people to use educational savings accounts to pay down student loan debt.

These are much-needed reforms that we and others have been fighting for for years.  Please sign the petition and share it far and wide!

http://petitions.moveon.org/sign/restore-basic-consumer?source=c.url&r_by=5462310

Let’s make some noise!

Thanks,

Rob, Natalia, Kyle, Aaron, and The StudentDebtCrisis.org Team

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