Legislators backing new student loan forgiveness petition, please sign on line

[PedestrianActivist]

Subj: Fwd: Urgent: The Forgiveness Act Has Been Re-Introduced in Congress - NEED YOUR SIGNATURE ON NEW PETITION

Note, student borrowers need basic consumer rights restored.  We need bankruptcy protection to guard against predatory lenders.  You probably don't wish to support a compromise or sell-out where legislators still fail to reinstate our rights as creditors continue to charge outrageous fees and bogus penalties and compounded interest which is wrong.

> Subject: Urgent: The Forgiveness Act Has Been Re-Introduced in Congress - NEED YOUR SIGNATURE ON NEW PETITION
> Date: Mon, 25 Mar 2013 06:20:19 -0700
> From: "Robert Applebaum, StudentDebtCrisis.org" <nor...@list.signon.org>
> 
> Dear Jules:
> 
> Over 1.18 million of you signed-on to support last year's Student Loan
> Forgiveness Act, making that petition one of the most successful in
> SignOn.org's history. Unfortunately, Congress failed to act and, as such,
> the bill (H.R. 4170) died and, worse, Rep. Hansen Clarke is no longer in
> Congress.
> 
> But now for the good news:
> 
> Rep. Karen Bass of California has just re-introduced a combination of The
> Student Loan Forgiveness Act with her own Graduate Success Act, calling it
> The Student Loan Fairness Act (H.R. 1330).
> 
> Now, we need your help! We just launched a brand new petition in favor of
> H.R. 1330, The Student Loan Fairness Act and we need your signature! In
> the 48 hours since we launched the petition, over 2,500 people have
> signed, merely by word-of-mouth. Imagine how successful this new petition
> will be if each of the 1.18 million of you were to sign on to this new
> petition and then share it with your friends, family, neighbors and
> co-workers!
> 
> The Student Loan Fairness Act is an enormously important piece of
> legislation. Just like last year's bill, it creates a new repayment plan
> called the "10-10 standard" whereby student loan borrowers who enroll in
> the new program will be required to repay 10% of their discretionary
> income for a period of 10 years, after which, the remaining amount will be
> forgiven! For those borrowers in certain public service careers, the
> repayment period will be 5 years. In addition to the provisions that were
> included in last year's bill, the new bill includes additional provisions
> dealing with periods of unemployment, limiting capitalized interest, and
> capping all interest rates at 3.4%!
> 
> Upon receipt of this email, please add your name in support of H.R. 1330
> The Student Loan Fairness Act by signing our new petition, and then
> sharing it far and wide by email, Facebook, Twitter, LinkedIn, Tumblr, or
> any other way you believe you can maximize you reach! You cannot share
> the link to this petition too much! -
> http://signon.org/sign/support-the-student-loan-6?mailing_id=10657&source=s.icn.em.cr&r_by=4689400
> 
> Thank you, as always, for your continued support. Now, let's make
> lightning strike twice by getting another million signatures on this new
> petition!
> 
> Sincerely,
> 
> Robert Applebaum
> Co-Founder & Executive Director
> StudentDebtCrisis.org
> Follow us on Twitter @DebtCrisisOrg
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