A Big Step Forward Today

Everyone:

I'm very glad to report that, at long last, we now have a bipartisan student loan bankruptcy bill in the US Senate.  The bill returns standard bankruptcy protections to all federal student loan borrowers, with a ten-year waiting period.  This is retroactive.  So...this is truly a major step forward.   The bill is being jointly introduced by Senator Durbin and Senator John Cornyn (Texas).  Here is the press release.

Special thanks go out to Diane Barta, who testified in today's hearing.  Also Linda Navarro, a veteran and warrior whose plight Senator Durbin described in open session yesterday.  See the video.  Thanks to EVERYONE who submitted their stories.  They are being used, and will be used going forward.

Please remember:  Bankruptcy has to happen if we are going to get meaningful loan cancellation.  The former is a necessary precondition for the latter.  This makes this bill all the more important!

We have a lot of work ahead, but the light is at the end of the tunnel.  This bill is brand new, and requires our very serious dedication to see through to final passage.  All bodes well, but see the hearing.  We have to fight.  Thankfully, we have all the ammunition to get even the most recalcitrant senators (like Ted Cruz) on our side.  

I hope you are pleased. But we're going to need your help...more than ever.

I have to ask:  Will you please donate something at this time?  We currently have $53 in our operating account.  If you could make a first time donation, or re-up you previous support at this time, it would go a long ways towards allowing us to focus on this fight.

LET'S ROLL
-Alan