Saturday, December 15, 2012

Democratic Senator Compares Private Student Loans To Dickens-Era Of Debt Prisons

Democratic Senator Compares Private Student Loans To Dickens-Era Of Debt Prisons: pThe inability of Americans to discharge student loan debt in bankruptcy proceedings creates a system of indebtedness like the one that existed during the era of Charles Dickens, when people who couldn’t afford to pay their debts were routinely tossed into prisons, a top Democratic senator declared this week. Illinois Sen. Dick Durbin (D) has [...]/p

Friday, December 14, 2012

Bucks readers weigh in on whether forgiven student loan debt should come with a fat tax bill from the Internal Revenue Service.
(Above from the NYTiimes blog.)

Friday, December 7, 2012

Bankruptcy on Student Loans

Encourage bankruptcy, not forgiveness, for student loans (essay) | Inside Higher Ed

I'm not sure which sounds better, but Inside Higher Ed does make a very pointed case for reactivating the ability to discharge student loans in bankruptcy over either student loan forgiveness or the current situation.

Highlander – Dead and still buried in college debt: let’s forgive student loans

This article makes a interesting and sensible point regarding how we should deal with student loans when they don't provide a return on what we invest, as in when a loan holder passes and the loan holder's parent are stuck with the bill. It's interesting to think of a school loan in a more concrete way. That's one difference between education loans and housing loans; you can't repossess someone's education as you would their house, or car. Education is an abstract object, but what if, especially in circumstance of death we are able to "return" what we invested in considering if we do continue to pay we are paying for something that's going unused. This isn't a broken toy here, you break it you bought it shouldn't apply.