I agree that we have to make the student loan dis-chargeable again in the bankruptcy court. This petition, below, needs 150 signatures to get the attention of the White House. The economics of higher education are in crisis: tuition’s are soaring, with increases in college and school costs outpacing inflation students are exiting college and graduate school more indebted than ever has transformed student loans into the largest source of consumer indebtedness after mortgages. To make matters worse, all of this comes as the value of higher education is being called into question. With returns sinking and tuition’s, indebtedness, and defaults surging, the need for higher education financial reform is pressing. Students are unlikely to be able to repay, and § 523(a)(8) of the Bankruptcy Code exacerbates the effects of such burdensome debt by allowing private and federal student loans to be discharged only upon a showing of “Undue Hardship.” Please sign this petition.

We the people should ask the Congress to repeal 11 USC § 523(a)(8), which the statute states that “unless excepting such [student loan] debt from discharge under this paragraph would impose an undue hardship on the debtor and the debtor’s dependents.” This is the petition: You now have 30 days to get 99,999 signatures in order for your petition to be reviewed by the White House. Until your petition has 150 signatures, it will only be available from the following URL and will not be publicly viewable on the Open Petitions section of We the People: