Student Loan debt is the only form of debt that can not be discharged in bankruptcy. It is a disgrace that we punish people who obtain educations that benefit our communities with debt burdens they can never meet while we permit millionaires who have incurred useless consumer debt to walk away with a fresh start. Financial experts and consumer advocates like Suze Orman have called it a "travesty" that student loans, particularly private loans, are not dischargeable.
The Administration's October 25th reforms to government loans are not adequate. As such, we call on the President to stand with the 99%, to support legislation to make all student loans dischargeable, as a means by which to empower the hard-working, educated, middle class to rebuild this economy. We need a REAL change!