We petition the United States Government to take action against the private student loan companies, who approved risky Private Student Loans to college-age citizens. Between 1995-2008, Private Student Loan Companies provided risky loans to 18-24 year olds. These companies did not make good investments. There is now a generation of students who have more debt at 24 years of age than any previous generation. This will lead to a financially unstable life. Therefore, We the People ask that these U.S. Citizens are given the option to fully discharge all bad debt, including Private Student Loans through bankruptcy, so that they may secure a financially viable future.
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