H.R.4170 - Student Loan Forgiveness Act of 2012

To increase purchasing power, strengthen economic recovery, and restore fairness in financing higher education in the United States through student loan forgiveness, caps on interest rates on Federal student loans, and refinancing opportunities for private borrowers, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To increase purchasing power, strengthen economic recovery, and restore fairness in financing higher education in the United States through student loan forgiveness, caps on interest rates on Federal student loans, and refinancing opportunities for private borrowers, and for other purposes. as introduced.
  • Short: Student Loan Forgiveness Act of 2012 as introduced.

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Displaying 61-64 of 64 total comments.

  • briannak 11/14/2012 11:08am

    After reading many of the comments about the Student Loan Forgiveness Act, I would like to add a few things. Like so many of you, I am a student burdened by over $130k in student loan debt. Although I was awarded scholarships every year, I needed to borrow money. My middle-class parents were unable to support college costs, but they stressed the importance of a college education. I do not blame my parents at all – they were doing what our society told them to do. That a higher education leads to overall success in life. I also want to stress that I take responsibility for my loans. Since my repayments exceed my full-time income by $300/mo, I would like to see things change. I would like to have the lenders change their own out-dated conditions and access repayments based on income. The reason that they don’t is simple – they believe that they would make less money. …

  • briannak 11/14/2012 11:08am

    However, if 1 in 5 people default on their loans and are unable to contribute to our capitalist economy, what will happen then? Unfortunately, it will be worse than the housing crisis. So before the levee breaks and burdens taxpayers at some point in the future, why not address the problem and pass the bill? Everyone in our society can benefit from the bill – from the student suffering from debt, to the parent who co-signed, to the business owner who needs people to pay for their items. It is a broad problem and HR 4170 addresses the problem in a practical way.

  • Comm_reply
    briannak 11/14/2012 11:10am

    By the way, I graduated in May and earned my Bachelor of Science degree in Biology.

  • Kickedout 01/22/2013 6:28pm

    Time to pay up for what you owe! This is what is wrong with this generation, no one feels they are responsible for their actions and decisions .


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