The Student Loan Justice Political Action Committee The Student Loan Justice PAC was formed in December, 2006. The PAC has the potential to be a counterweight to the big lenders on Capitol Hill, who regularly donate millions of dollars every election cycle to our elected officials. With the new Congress, we have a unique opportunity to get real justice- for the first time in years- for our loans. The Student Loan Justice PAC will be an instrumental element in this fight, but only with your support.
Our agenda:
1. Pass legislation that returns standard consumer protections, including full bankruptcy protections, statutes of __limitations, and refinancing rights to all student loans- both public, and private.
2. Pass legislation that allows borrowers in default for 5 years or more to repay what they originally borrowed, plus a __reasonable amount of interest OR repay the amount that the federal government paid for the loan guaranty on the loans __ (this typically includes principle, interest, and a large profit for the lenders) AND pass legislation that establishes ___long-term_repayment caps that define the maximum amount that can be collected from borrowers over 10, 15, ___20, 25 year time periods based on the original amount of the loan (s).
3. End the Department of Education practice of Disability and Social Security garnishment, and end the practice of ___suspending professional licenses of citizens for defaulted student loan debt.
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Mailing Address: 2123 Mt. View University Place, WA 98466 |