The Student Loan Justice Political Action Committee

The Student Loan Justice PAC was formed in December, 2006. The PAC provides a counterweight to the big lenders in Congress, 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 is an instrumental element in this fight. Our agenda is as follows:

1. Pass legislation that returns standard consumer protections, including full bankruptcy protections, statutes of limitations, and refinancing rights to student loans.

2. Pass legislation which allows borrowers who have been 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 guarantee on the loans (this includes principle, interest, and a large profit for the lenders).

3. End the Department of Education practice of Disability and Social Security garnishment

4. Increase federal grants for education, and expand tax benefits for repayment.