student loan assistance what should we be doing and congressman i had the answer representative hansen clarke just introduced legislation that could go a long way to helping the levels were graduating from college without decent job prospects and drowning in debt is calling it the student loan forgiveness act of two thousand and twelve for more on what it is and why it's needed i just want hansen clarke representing michigan's thirteenth district my home state joins me now glad to have you with us first tell us about your legislation but first of all i introduced the student loan forgiveness stack of two thousand and twelve. the focus of congress is on the federal debt and whether we should raise the debt ceiling or not so i talk to people back home i'm born and raised in detroit represent metropolitan detroit very few people were talking about the federal debt big burden but they were told me like their credit card mortgages and student loans especially student loans because many of the students borrowed all this money in hopes of getting a good job with a living a good life starting their o

various safety nets in place to help borrowers one thing i wanted to mention is that representative hansen clarke of detroit michigan i had the pleasure of meeting with weeks ago he has a build right now that he's trying to push through congress he. it's called the student loan forgiveness bill and this will cap payments for federal and private loans ten percent of your take home income will allow your payments to not eat up your entire paycheck which will allow students to be able to buy homes buy cars all of these things that allow us to move out of our parents' basements and stimulate the economy there's a lot of other reforms in there that are absolutely wonderful and it's what students have been desperately trying for the past twenty years or so so far the bill is not it's just been introduced it's not being voted on. anytime soon and that was stuff greater meaning us from new york. with seventy six years ago pardon me today our lives were forever changed the very first tweet was posted on the series of tubes known as the internet since then nothing has been the same for half a billion users