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.
Showing posts with label loans. Show all posts
Showing posts with label loans. Show all posts
Friday, December 7, 2012
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.
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.
Subscribe to:
Posts (Atom)