ping for later
This also opens the door for colleges to raise rates to the roof. Uncle Sugar will pick up the tab.
I went to college on the GI Bill (read that “EARNED benefit”) after I retired. I’ve seen lots of these “Professional Students” who had no intention of turning their education/training into a job and many had VERY questionable “disabilities” and this was in 1993/94. I can imagine what it looks like after 7 years of Queen Putt, the Marxist, Mooslim, Kenyan, Steaming Pant Load Sissy Boy.
Best I could find: The Consumer Financial Protection Bureau estimates that outstanding student loan debt is approaching $1.2 trillion as of May 2013.
If you have an iq less than 90 are you permanently disabled?
Personally, as a mom of two special needs kids and a daughter of two, one still alive, special needs (alzheimers) elderly parents, I believe our country should spend $ on those who can not help themselves.
I am for supportive state stipends to keep our helpless fed, safe, and happy, and even for a federal law regarding it.
That is where our social help in this country needs to go. I would not give ONE PENNY to anyone, not one service, to anyone not legally in this country. I might not even give any social service to mere residents, either. They have another country to go to. I would not allow family members from foreign lands to come and receive services. I wouldn’t give a lot of the corporate or farming tax breaks, I’d not try and keep evil world powers at bay with our money either.
But I’d make sure our disabled (including helpless seniors) had everything they needed to live a decent life. Period. I think that is money well spent.
Just as Social Security disabilities claims/approvals have risen drastically these last 19 years...so too expect this ‘new’ enabling way to discharge student loans be extremely abused.