Since 1999, average student loan debt has increased by a shameful 511%. In 2010, total outstanding student loan debt exceeded total outstanding credit card debt in America for the first time ever. In 2012, total outstanding student loan debt is expected to exceed $1 trillion.
In response to this crisis, U.S. Representative Hansen Clarke of Michigan has just introduced H.R. 4170, the Student Loan Forgiveness Act of 2012, which would extend a helping hand to those struggling under massive amounts of student loan debt.
That's why I created a petition to Rep. John Kline, Chairman of the House Education and the Workplace Committee; the United States House of Representatives and Senate; and President Barack Obama on SignOn.org, which says:
Total outstanding student loan debt in America is expected to exceed $1 TRILLION this year. Millions of hardworking, taxpaying, educated Americans are being crushed under the weight of their educational debts, while the economy continues to sputter. Support a REAL economic stimulus and jobs plan. Support the Student Loan Forgiveness Act of 2012 (H.R. 4170).
Will you sign the petition? Click here to add your name, and then pass it along to your friends: