Should there be a “College Student Loan Bailout”?
Do you think that there should be a “College Student Loan Bailout”? If any college student has a student loan of $25,000 or up qualifies to have the government bail them out. What do you think?
Yes, there should be a bailout. In part because a person when they take out such loans have no idea what life is going to be like. It’s a gamble. I a person despite all their efforts is unable to pay off loans due to life problems they can quickly find themselves in a position where they will never be able to pay off their college loan. Additionally, a college education is terribly over priced and universities are sitting on piles on endowment money they refuse to help students through tuition and other sorts of relief. I owe a lot in college loans and I will never be able to pay it off. Every time I have gotten into a position where I would begin to make payments I have gotten laid off, the 9/11 terrorist attack cut my income by 45% and it took me 3 years to get back to that point, now this current economic crisis. It’s terrible when you best hope is for the entire economy to collapse so there is no government to come after me. But that’s my best hope right now.
