by Gregory Kristof, The Huffington Post
A new bill is circulating Congress that would alleviate the pressures facing students struggling to repay college loans.
The Student Loan Forgiveness Act of 2012, introduced to the House by Representative Hansen Clarke (D-Mich.), would reduce the debt of students who have already repaid a substantial portion of their loans over the past decade.
The act, which currently has over a million signatures on the petition website signon.org, aims to stimulate the economy by increasing the amount of available income students -- otherwise theoretically debt-bound -- would have to invest and spend. [MORE]
Via Coffee Party USA