I found this article on Yahoo, and linked the source because Yahoo likes to change their links.
From the article:
Many well-intentioned graduates can't afford to pay off their student loans because of the sour economy. They are being sacked with debt and penalties that outweigh their best efforts to keep up.
Unlike other forms of debt, in the case of student loans, basic consumer rights like bankruptcy protection don't apply to those who default. Instead, everyone from recent college graduates to the older underemployed who can't afford to pay is subject to garnished wages and other income in the name of paying for higher education with an increasingly high price tag. Unresolved student loan debt in the United States now surpasses $1 trillion.
That’s where the bill proposed by Rep. Frederica Wilson, D-Fla., the Student Borrowers Bill of Rights Act, H.R. 3892, comes in as a possible solution.
Yahoo article: http://news.yahoo.co...-202905125.html
Original source: http://www.takepart....-loan-borrowers
Text of the House Bill: https://www.govtrack...113/hr3892/text
This is one bill that really needs to become law since many are suffering under a load of debt these days due to the economy. So its probably time to start calling/emailing your representatives since this seems to be genuine.