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reduce the principle balance on ALL student loan debt and cap the interest rate at 1% no matter when the loan originated

Created by R.D. on December 24, 2012

The burden of student loan debt is enormous and is one that is strapped to a person until they die, without the option of bankruptcy. This form of lifelong financial servitude on the individual is destroying the American Dream. The United States Government willingly assisted Wall Street and the Auto Industry to prevent collapse. Now millions of Americans with debts as high as several hundred thousand dollars at rates over 7.65%, most notably with American Education Services and other student loan servicers, require the same assistance. The nurses, doctors, scientists, dentists, teachers, social workers, police, park rangers, district attorneys and countless other degree holders who make this country great need the burden of educational debt lifted.

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