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In June, Rep. Karen Bass joined a panel at Netroots Nation to discuss college affordability & her bill, the Student Loan Fairness Act, which aims to ease the burden of student debt. Click to learn more about her proposal.
Suspending interest on student loans during periods of unemployment will help out of work borrowers pay necessary bills immediately, like rent and utilities, while still allowing borrowers to pay the loan off later. As unemployed borrowers struggle to make ends meet and diligently look for work, legislation is needed to free them from accumulating interest adding to their financial burdens.
In an effort to create a healthy housing market with successful rates of homeownership, U.S. Rep. Karen Bass introduced the Homeownership Preservation Education (HOPE) Act which provides an interest rate deduction on the FHA mortgage insurance premium for first-time homebuyers that complete pre-purchase counseling.