[Congressional Record (Bound Edition), Volume 158 (2012), Part 3]
[House]
[Page 3175]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             STUDENT LOANS

  (Mr. CLARKE of Michigan asked and was given permission to address the 
House for 1 minute.)
  Mr. CLARKE of Michigan. Mr. Speaker, today I have introduced H.R. 
4170, a bill that will forgive student loan debt for millions of 
hardworking Americans.
  This bill provides that if a student loan borrower makes payments 
equal to 10 percent of their discretionary income for a period of 10 
years, the balance of their Federal student loan debt will be forgiven. 
This provides student loan borrowers with a second chance, those who 
have been struggling financially. By cutting this debt, this frees up 
their money to invest on their own. That will create new jobs 
throughout this country.
  It's time for Congress to stand for the rights of student loan 
borrowers. It's time to forgive these student loan debts.

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