Bill would cut student loan forgiveness time in HALF

On March 8, Congressman Hansen Clarke (D-Mich.) introduced H.R. 4170, the Student Loan Forgiveness Act of 2012.

Here's the part that should be of interest to all faculty and our students:

Improving Public Service Loan Forgiveness: The act would also provide for Public Service Loan Forgiveness after 60 monthly payments instead of 120. It is impossible for us to overstate how much this would help borrowers who have committed to careers at relatively low-paying public interest jobs, who could actually start saving for their kids' education and perhaps owning their own home half a decade earlier than they anticipated.

Read the details of the other improvements here.

If you are reading this, you need to contact your congressmember and senators and tell them to support his bill. It doesn't have to be a long, fancy letter, just say

I am your constituent, and I want you to actively support and vote for HR 4170, the Student Loan Forgiveness Act of 2012.

Even if you don't know who represents you in Congress, if you know your own zip code, you can find their contact information here.

You could even call 202 225-3121, or these numbers and if you know where you live, they can connect you to your representatives.