"NACBA is committed to working with you and our lawmakers to provide the fresh start that families need, including relief from student loan debt. Recently, S. 1102, the “Fairness for Struggling Students Act,” sponsored by Sen. Durbin was the focus of a congressional hearing. This bill would repeal the 2005 Bankruptcy Act’s provision on private student loans and restore the dischargeability of private student loan debt in bankruptcy. Although NACBA’s agenda is broader and calls for restoring the dischargeability of both private and federal government student loans in bankruptcy, the Board of Directors has decided to endorse S. 1102 as an important step forward in our fight to restore bankruptcy protection for student loans.
Now is the time to take advantage of the opinion environment that has been created with the media coverage of NACBA’s student loan report issued in February. With over 600 media articles citing NACBA and the burgeoning student loan “debt bomb,” we have a tremendous opportunity to build support for remedial legislation. We are asking you to help by sending a letter (email) to your U.S. Senators requesting that they cosponsor S. 1102.
Please contact Zach Manifold and you will shortly receive the letter for personalizing and the email address to contact your legislator. In addition to sending you the sample letter and contact information, we will provide additional detail on the legislation and FAQs, as well as responses to the arguments against the bill raised by our opponents.
For those lawmakers who have cosponsored the bill, we’ll be asking you to say thank you instead. So, just send Zach an email by clicking here and we’ll get you all the necessary information.
Thank you for all you do!