|market movements 1 by svilen001|
Like InfomercialsMost reports about student loans and the problems there in is chucked-full of examples of students and former students wrestling with expensive student load debt for too long. There usually is one super debtor, a person that works an expansive amount of jobs to pay off unexpectedly high student loan debt. It's a teacher in this PBS report. It's a great report, covering myriad problematic aspects to the growing student loan crisis in America: from the starry-eyed high school graduate signing promissory notes without reading to the college graduate years obtaining that degree (and racking up debt), applying for a third job to finally start paying off that debt, wondering all the while if higher education was really worth it. There's got to be a better way, is the exclamation at the end of the report. The responding question is, is there...
A Care CallI personally don't know. If I did, I wouldn't be just another statistic right now, but I did find a few articles that seem to suggest some solutions to this problem. Did you know that there are ways ARM can help? Well, there are and I have to say I do believe Mr. Rudd has some great suggestions. In particular, the first two suggestions:
1. Student loan specialists: This would definitely help with some of the other bullet points, especially the second.
2. Treat them with respect (self-explanatory)
Help! He's Homeless.Keith's story is about where the "worst that can happen" lie. He's homeless and in debt. This is the worst situation, the ultimate nightmare of a person in debt. The article says Keith believes Congress should, "return the "Truth in Lending" policies and procedures to all student loans," and allow, "the ability to discharge student loan debt through bankruptcy."
I don't even know what "Truth in Lending" policies are or how bankruptcy could help me with my loan. If these options should, or could, be on the table they should actually be discussed more fully at colleges and in homes. Though it's not a key issue in this election yet I'm glad some people care about education and more light is being shed on the issue by those people.