House asking for input on HEA (Student Loan debacle)
Reposted for Alan at studentloanjustice.org
The House is soliciting input for the reauthorization of the Higher Education Act from stakeholders. This is the best vehicle for us. I guarantee that they will read this. We are the most critically affected stakeholders.
My guess is that they won't get more than a couple of thousand responses. We can double that. Obviously, say
whatever you want, but don't forget to put our agenda in the text somewhere:
1. Pass legislation which allows borrowers who have been in default for 5 years or more to repay only what they originally borrowed, plus a reasonable amount of interest OR repay the amount that the federal government paid for the guarantee on the loan(s).
2. Pass legislation that gives borrowers the right to refinance their debt after consolidation.
3. Suspension of disability of Social Security and Disability garnishment activities.
4. Pass legislation that bans "school as lender" programs, or other programs where the universities steer students to certain lenders due to financial incentives.
5. Support other legislation that returns standard consumer protections to student loans.
6. Increase federal grants for education, and expand tax benefits for repayment.
IF YOU DO NOTHING THIS WEEK TO FURTHER THE CAUSE FOR STUDENT LOAN JUSTICE, AT LEAST DO THIS!!
Send your email to HigherEdRecs@mail.house.gov
You can see the letter they sent out at the link below. http://www.aacrao.org/reporting/HEAStakeholderLetter3-8-07_HOUSE.pdf
Alan M. Collinge