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Congresswoman Karen Bass

Representing the 37th District of California

Rep. Bass Reintroduces the Student Loan Fairness Act of 2017

February 16, 2017
Press Release
Washington, D.C. – Today, Rep. Karen Bass (D-Calif.) reintroduced legislation to alleviate the financial burden of student loan debt on college graduates and support them as they begin their careers and lives. The Student Loan Fairness Act, which was originally introduced in March of 2013, would establish a new “10-10” standard for student loan repayment and cap federal interest rates, allowing eligible borrowers whose educational loan debt exceeds their income to convert their private loan debt into federal Direct Loans and then enroll their new federal loans into the 10-10 standard.

“I’m reintroducing the Student Loan Fairness Act because student debt is not an issue that is just going to disappear overnight without a concerted effort by Congress. We need to make sure we are setting up future generations for success, not crippling debt,” Rep. Bass said. “The fact that Americans owe nearly $1.3 trillion in student loan debt is a dramatic reminder that student debt is an ever expanding impediment on the young graduates in our country. If advancing one’s education is the answer for ensuring success within our country, students should not leave college with the same amount of debt as a mortgage would cost. This load is too great for our nation’s graduates to bear.” 

For the text of the bill, click here