Total outstanding student loan debt in America has surpassed the $1 trillion mark. It has outpaced credit card debt, auto debt, and is second only to mortgage debt in America. In fact, a recent study shows that student loan debt is the only type of consumer debt in America that has actually increased during the "Great Recession" and the problem only continues to worsen.
We need a fair and simple federal student loan repayment system and which seeks to alleviate the financial burden of student loan debt on college graduates and support them as they begin their careers and lives.
To learn more about The Student Loan Fairness Act, go to: http://bass.house.gov/bill/student-loan-fairness-act