Monday, September 19, 2011

Campaign To Forgive Student Loan Debt Gains Momentum Online

WASHINGTON - Student loans can weigh on a person for years, and that's got some people hoping for a personal bailout.

By Sunday afternoon, more than 270,000 people have signed an online petition sponsored by MoveOn.org, urging Congress to forgive student loan debt.

The petition reads, "Forgiving the student loan debt of all Americans will have an immediate stimulative effect on our economy ... Americans would suddenly have hundreds, or in some cases, thousands of extra dollars in their pockets each and every month with which to spend on ailing sectors of the economy."

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