Showing posts with label govtracks. Show all posts
Showing posts with label govtracks. Show all posts

Tuesday, May 22, 2012

H.R. 2028 Private Student Loan Bankruptcy Fairness Act of 2011 & H.R. 4170 Student Loan Forgiveness Act Rep. Hansen Clarke [D-MI13]

Call your Senator and Congressperson Today Address & Phone Directory: (http://wwwngolavante.blogspot.com/p/congress-senate-phone-address-directory.html).

 
H.R. 4170 Student Loan Forgiveness Act Rep. Hansen Clarke [D-MI13]

http://www.govtrack.us/congress/bills/112/hr4170<---Track this Bill<---

3/8/2012--Introduced.
“Student Loan Forgiveness Act of 2012 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to establish a 10/10 Loan Repayment Plan that allows borrowers of Federal Family Education Loans (FFELs) and Direct Loans (DLs) to limit their monthly payment on such loans to one-twelfth of 10% of the amount by which their adjusted gross income and that of their spouse (if applicable) exceeds 150% of the federal poverty level. Requires the Secretary of Education to determine a borrower's repayment obligation under that plan on a case-by-case basis if the repayment formula would result in the borrower paying nothing and the borrower is not in deferment due to an economic hardship. Establishes a 10/10 Loan Forgiveness Program that provides FFEL and DL forgiveness to borrowers who, after the date that is 10 years before the date of this Act's enactment, have made 120 monthly payments under the 10/10 Loan Repayment Plan or under another repayment plan that required them to make payments at least as large as those they would have made under the 10/10 Loan Repayment Plan. Credits the months during which an individual is in deferment due to an economic hardship as months for which payment was made for purposes of the 10/10 Loan Forgiveness Program. Caps the amount of loan forgiveness that the program will provide to individuals who become new borrowers after this Act's enactment. Caps the interest rate on new DLs at 3.4% Amends the public service employee loan forgiveness program to forgive the DLs of participants who have made 60 (currently, 120) monthly payments on such loans pursuant to specified repayment plans. Includes primary care physicians in medically underserved areas in the public service employee loan forgiveness program. Allows certain borrowers to consolidate their private education loans as Direct Consolidation Loans, provided the private loans were made on or before the date of this Act's enactment. Limits such borrowers to those who: (1) were students eligible for unsubsidized Stafford loans or PLUS loans under the FFEL or DL programs for their enrollment at an institution of higher education, or would have been had they been enrolled on at least a half-time basis; (2) borrowed at least one private education loan for such enrollment; and (3) have an average adjusted gross income that does not exceed their total education debt. Caps the interest rate on those Direct Consolidation Loans at 3.4% Requires borrowers to apply for such loans within one year of this Act's enactment. Funds this Act's programs from funds available for Overseas Contingency Operations.”

“H.R. 4170--112th Congress: Student Loan Forgiveness Act of 2012.” GovTrack.us (database of federal legislation). 2012. May 22, 2012 <http://www.govtrack.us/congress/bills/112/hr4170>

For more on H.R. 4170 from Open Congress: http://www.opencongress.org/bill/112-h4170/show 

H.R. 2028 Private Student Loan Bankruptcy Fairness Act of 2011

Summary: To amend title 11 of the United States Code to modify the dischargeability of debts for certain educational payments and loans. (https://www.popvox.com/bills/us/112/hr2028).

OR According to Govtracks,
"5/26/2011--Introduced. Private Student Loan Bankruptcy Fairness Act of 2011 - Amends the federal bankruptcy code to remove qualified educational loans as an exception to discharge from bankruptcy."
Co-Sponsors: Maybe they are not getting enough heat? Contact info on all state representatives: click here.
show cosponsors (42)
Rep. Grace Napolitano [D-CA38] (joined Jun 03, 2011)
Rep. Bob Filner [D-CA51] (joined Jul 07, 2011)
Rep. Dennis Kucinich [D-OH10] (joined Jul 07, 2011)
Rep. Henry Waxman [D-CA30] (joined Jul 25, 2011)
Rep. Lynn Woolsey [D-CA6] (joined Jul 25, 2011)
Rep. Steven Rothman [D-NJ9] (joined Aug 05, 2011)
Rep. Chaka Fattah [D-PA2] (joined Aug 26, 2011)
Rep. Maurice Hinchey [D-NY22] (joined Aug 26, 2011)
Rep. Zoe Lofgren [D-CA16] (joined Oct 14, 2011)
Rep. John Tierney [D-MA6] (joined Nov 02, 2011)
Rep. Karen Bass [D-CA33] (joined Dec 06, 2011)
Rep. Rush Holt [D-NJ12] (joined Dec 14, 2011)
Rep. Earl Blumenauer [D-OR3] (joined Dec 16, 2011)
Rep. Chellie Pingree [D-ME1] (joined Jan 31, 2012)
Rep. Jerry McNerney [D-CA11] (joined Feb 01, 2012)
Rep. Peter DeFazio [D-OR4] (joined Mar 29, 2012)
Rep. Lois Capps [D-CA23] (joined Apr 19, 2012)
Del. Madeleine Bordallo [D-GU0] (joined May 10, 2012)
Rep. Jesse Jackson [D-IL2] (joined May 10, 2012)
Del. Eleanor Norton [D-DC0] (joined May 10, 2012)
Rep. Laura Richardson [D-CA37] (joined May 10, 2012)
Rep. Maxine Waters [D-CA35] (joined May 10, 2012)
(http://www.govtrack.us/congress/bills/112/hr2028).
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Thursday, May 17, 2012

Today's News on The Student Loan Debacle



( From a  FB friend)

Want to join the many voices that are screaming to Congress and the Senate, wake up,  this is what we need, and we demand you hear us. There are several listed methods below on how to become engaged in the political discourse:

Popvox: click here
(https://www.popvox.com/).
Open Congress: click here
(http://www.opencongress.org//).
Gov Tracks: click here
(http://www.govtrack.us/).
Politico Open Forum: click here
(http://dyn.politico.com/members/forums/index.html)

Please Help Support: H.R. 4170 The Student Loan Forgiveness Act of 2012, you can write, call or email your state representatives with your thoughts:

Want to contact you Congress person: (http://www.contactingthecongress.org/).
Want to contact your state Representatives: (http://www.house.gov/representatives/find/).
Want to contact all your governmental representatives: (http://www.usa.gov/Contact/Elected.shtml).
Become Engaged - become a person who participates in their own life and assists in a greater cause for the good of the whole, and not just for the sum of its parts.

Join the ‘student loan debt’ advocates & champions in the fight towards changing American perceptions; there is a movement to reach and change societal norms and heuristics in regards of how people think of ‘student loan debt’ and the serious repercussions in aggregate when the next financial crisis hits. When the student loan bubble bursts, and it will; the devastation will be long reaching into all our financial institutions, and then society will finally understand the foreboding economic condition and the actors who were involved in allowing this student loan debt catastrophe to happen: the responsible persons for the Student Loan Debacle, is majority of Congress & the Senate. And how did "WE the PEOPLE" and our wishes become a special interest group that those in Washington can negate.
 
And the thousands of individuals who are rising up and saying to Congress and the Senate “enough is enough, get out of the pockets of special interest groups; quit catering hand and foot to the PACS,” and do the job you were elected to do by the American people, in assisting the American people and not big corporations, you know the United States citizens, the ones who are paying your salaries!

I can’t emphasize enough, walking away from student loans is really notan option. Because, your student loans never go away! EVER! There are many ways in which your debt can be dealt with by the utilization of various programs. There is a link on the right, Navigating Through Your Student Loan Nightmare, which may help. More info on restructuring your debt will come later.

Congress and the Senate should be held accountable because of the lack of financial protections they eradicated; or should I say, [the bankruptcy protections] they have done away with, for the sake of their special interest associations.

Several Bills that you may want to support, please leave your comments at POPVOX & GovTracks:

 

H.R. 4170 Student Loan Forgiveness Act of 2012 supported by Hansen Clarke

 

Summary: 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. 

 

For more info: popvox OR govtracks

 

H.R. 2028: Private Student Bankruptcy Fairness Act of 2011

 

112th Congress, 2011–2012

 

Summary: To amend title 11 of the United States Code to modify the dischargeability of debts for certain educational payments and loans. Summary: To amend title 11 of the United States Code to modify the dischargeability of debts for certain educational payments and loans. 

 

for more info: popvox OR govtracks

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