I had a student loan back in the late 1970s. I paid it off during the recession of the 1980s, so I know others can, too.
It is the brazen lack of integrity by people taking out these loans I find appalling.
Can someone please point to the place in the Constitution where college is guaranteed by the govt? Never mind, I remembered that we no longer live in a Constitutional country, but a Progressive sewage dumping ground. Hillsdale College has a Constitutional class everyone should take. Its the only hope for our Republic.
I paid my student loan off a couple of years ago. It infuriated me to see people getting Pell Grants and then turning around and buying furniture with it or paying their cars off. One girl in my class lived with her sister for two years and worked for cash so she would qualify for grants.
While I am sure many people don’t have the money to pay on their student loans right now, I wouldn’t doubt that others are purposely not paying and are banking on getting a deal on their loans like the people did who have been behind on house payments. Let’s face it, it is a big enough problem that it has gotten people’s attention and will have to be addressed much like the housing crisis.
It is no secret that many of these punks feel that they shouldn’t have to pay the money back, that their education should be financed by others, and are looking for a deal that will give them the opportunity to walk away scott free or to have the loan considerably reduced.
Exhibit A:
http://www.mndaily.com/2011/09/29/students-push-debt-forgiveness