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8/22/2022 Monday. VERY IMPORTANT!!Everyone:
We have it on good word that the Department of Justice is dragging their feet on ending the practice of opposing federal student loan borrowers in bankruptcy proceedings. Now is a very critical time, and we need to push Attorney General Garland and Associate AG Gupta to act. Please go to this link, select "bankruptcy" for the topic, and say something like the following: -------------------------------------------------------- Dear AG Garland/AAG Gupta- I am writing to urge you to work with the Department of Education to stop opposing federal student loan borrowers in bankruptcy court. The Education Secretary, Undersecretary, and Chief Operating Officer of the lending program have all committed to doing this in the recent past, and it is critical that the Justice Department do their part to ensure that this happens. The Founders called for uniform bankruptcy laws in Article I, Section 8. That student loans are treated so radically differently from all other types of loans in bankruptcy is a dangerous departure from their wisdom. The real harms this unique exception to discharge for student loans has caused the American People has been massive, due not only to deserving citizens being denied relief, but also due to systemic abuse of all borrowers with the threat of bankruptcy being taken off the table for them. The harms this is poised to inflict upon the public is incalculable. There was never a valid reason for singling out federal student loans, and making bankruptcy discharge for all intents and purposes impossible for the debt. Discharge rates when student loans were treated the same as all other loans was far less than 1%. This precedent, if allowed to stand, could be applied arbitrarily to other types of loans, and there are those who would make all consumer debt similarly non-dischargeable. This is precisely what the Founders (who they, themselves were being abused by onerous debt to British banks, trading companies, etc) wished to avoid when they called for bankruptcy laws ahead of the power to raise an army and declare war in the Constitution. Please act with expediency to facilitate this proposed administrative action by the Department of Education. -------------------------------------------------------- ALSO: PLEASE RETWEET THIS. See last night's live stream to understand why this is so important. Also: See our interview yesterday on Fox Los Angeles. Please make a similar story happen with a news station in your local area (give them our contact info, and tell them we have borrowers in your area with compelling stories who are willing to be interviewed about the student loan problem, and our fight). This truly is the battle...Your battle. Please help us fight and win it! Regards, Alan ps. Please donate.
7 Comments
Jeffrey Courter
8/23/2022 02:32:09 pm
My wife is a 60+ year old social worker with over $100,009 of student loans still owed, the majority being interest. It is a perversion of justice to insist these loans be repaid while businesses can file for bankruptcy. This is shameful as national policy.
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Lynda Murphy
8/26/2022 09:10:27 am
I’m in the same boat with loans I took for my son that was $62,000 back in 2013 they are over $95,000 so a 10 or $20,000 loan forgiveness is essentially one years worth of interest we will never get out of debt. The other concerning thing is 23 million out of the 43 million people that are eligible for this forgiveness plan make under $75,000 a year so what does that tell you what good a college education is? Got to make you wonder
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Zena Briggs
8/24/2022 02:45:30 pm
I'm a Domestic Violence Counselor. I'm 65 years old, work non-profit, I borrowed 30,000 and after paying for years, I owe 93,000. They say it's harder on black women.
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Karen Coxe
8/25/2022 03:49:16 pm
My son is 38 and after paying for more than ten years, he owes way more than when he starts. He sees no end in sight.
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Patrice
8/28/2022 02:18:47 pm
Are borrowers contacted and forgiving or does the borrower need to contact loaner/school regarding forgiveness? Thanks
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Letitia Faison
8/29/2022 06:31:46 am
People need all the help they can get!
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Denine Blas
9/1/2022 07:28:35 pm
I attended both Platt College & Everest College (aka Corinthian College) I graduated both with 4.0. Platt College has a career counselor and I was guaranteed employment. Yet every law firm I went to told me my education is WORTHLESS because Platt College never taught me actual “work skills” I went to over 100 law firm and I was told that by every law firm. Then Everest College guaranteed my employment and every doctors office I went I was told “because your not bilingual we cannot hire you” Everest College never disclosed to me that in order for me to work in a doctors office I need to be bilingual ever! I am 61 years old and two worthless diplomas that never got me anywhere in life.
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