U.S. Rep. Hansen Clarke (D-Michigan) stands with over 1 million signatures in support of the Student Loan Forgiveness Act of 2012, which he introduced to the House in March.
USA CONGRESS - Both houses of Congress decided to extend a cap on student loans Friday, June 29, 2012, but Congressman Hansen Clarke (D-Detroit) said the move is little more than a band-aid -- one that doesn't change anything for Americans dealing with debilitating student debt.
The measure, which passed as part of a larger transportation bill, fixes federally subsidized student loans interest rates at 3.4 percent for another year.
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Rep. Clarke introduced/attached this amendment to the Higher Education Act of 1965.
His amendment is called H.R. 4170- The Student Loan Forgiveness Act of 201.
For summary of Student Loan Forgiveness Act of 2012, CLICK.
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