MEDIA ADVISORY FOR:
VIEW THE STUDENT LOAN FORGIVENESS ACT OF 2012 (H.R. 4170): http://thomas.loc.gov/cgi-bin/
Robert Applebaum is a 1998 graduate of Fordham University School of Law and, thereafter, he served as an Assistant District Attorney in Brooklyn, N.Y. between 1999 and 2004. After 5 years of service as an ADA, because of his exponentially increasing student loan debt, Applebaum made the unfortunate decision to leave a public service job he loved for the private sector, where he remained for the next 5 years. He founded www.forgivestudentloandebt.com in January 2009 and has written on the topic of student loan debt for The New York Times, Salon.com, The Guardian and The Hill. He has been featured in BusinessWeek, The Economist, U.S. News & World Report, The Huffington Post, The New York Times, The Washington Post, Now on PBS, Nightly Business Report, RT America, PBS NewsHour and Default: The Student Loan Documentary.
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My student loan interest is 8.25%. These younger people yell and scream about their 3-4%. Mine was $60K now it's $123K and growing. Even though I paid the bill, it still accrued $5400 in interest. I also lost $40K in salary money. Now I can't even afford to put money in a 401K even though I'm almost 60.
I write on the side trying to sell books and my screenplay. I work at home part time formating ebooks. Now I'm trying to see if I can legally take hours off my employer's 40 hour week to pay equal to the student loan bill which they won't pay in enough salary to pay the bill but they can hire high school dipolma's and offshore labor for me to have to work with. If they pay for a new student loan then why aren't employer's having to pay for the old student loan that has to train the high school dipolma's? Well it takes a college degree to figure that out.......D.A. Karr, Amazon.com