Repeal 11 USC § 523(a)(8)

in #student-loandebt7 years ago

Dear friends,

I wanted to let you know about a new petition I created on We the People, a new feature on, and ask for your support. Will you add your name to mine? If this petition gets 99,999 signatures by March 14, 2017, the White House will review it and respond!

We the People allows anyone to create and sign petitions asking the White House to take action on a range of issues. If a petition gets enough support, the White House will issue an official response.

You can view and sign the petition here:
Here's some more information about this petition:

Repeal 11 USC § 523(a)(8)

The economics of higher education are in crisis: tuitions are soaring, with increases in college and school costs outpacing inflation students are exiting college and graduate school more indebted than ever hastransformed student loans into the largest source of consumer indebtednessafter mortgages. To make matters worse, all of this comes as the value of higher education is being called into question. With returns sinking and tuitions, indebtedness, and defaults surging, the need for higher education financial reform is pressing. Students are unlikely to be able to repay, and § 523(a)(8) of the Bankruptcy Code exacerbates the effects of such burdensome debt by allowing private and federal student loans to be discharged only upon a showing of "Undue Hardship." Please sign this petition.

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