Death, Taxes, and Student Loan Payments

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• Death, Taxes, and Student Loan Payments

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• There are only two things that are certain in
  this life debt and taxes. I'm sorry death and
  taxes. And if you are a student, you will most
  likely be looking at a lifetime of student loan
  payments. You will pay taxes. If you need a
  student loan to go to college, you will pay it
  back. And you will probably die before your loan
  is paid off tough break for the federal student
  loan program.
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• So what if you must pay back your student loan?
  You used the money, now you should pay it back.
  Fair enough. However, situations change. The
  American economy reflects this truth. The
  European economy suffers from this truth. The
  Asian economy experiences this truth. All the
  individuals who live and work in all the
  economies in the world are bound by this truth.
  The American bankruptcy laws exist because of
  this truth.
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• An American who experiences overwhelming economic
  hardship can get a fresh start by filing for
  bankruptcy. Of course, this means that the person
  will have to change some habits moving forward,
  but this is a good thing. You really can live
  without credit cards. Trust me. The debt can be
  restructured to make repayment possible or, under
  extreme circumstances, the debt can be dismissed.
  Not so with student loans. You will pay your
  student loan back, in full, or die trying.
  Period.
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• There was a time when this was not the case. As a
  result, students took advantage and abused the
  system by not repaying their student loans at
  all. The federal government over-reacted and now
  we all suffer. How is it that we all suffer, and
  not just the students? We hear a lot of lip
  service from every level of government about how
  education is essential for a stable, productive
  society. Our students are our future. We hear
  this as we watch our public schools churn out
  graduates who are not prepared for college level
  work. We hear it as most college freshmen must
  take remedial courses in English and math in
  order to have even a shot at understanding
  college coursework. We hear it as college
  tuitions exceed all reason.

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• So, the average college student must borrow an
  enormous sum of money that will be paid back come
  hell or global depression. Affordable education
  can now only be found online, but not through
  college or university online courses. These too
  are exorbitant. As far as our government is
  concerned, online college courses are just
  another income stream for their student loan
  programs.
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• If our government really believes that education
  is the key to the stability and productivity of
  our society (a big "if" by the way), there is
  only one course it can take The federal
  government must make education affordable for
  everyone. If shackling our college students with
  a debt that most of them will spend their entire
  lives trying (and failing) to pay off is serving
  anyone, it is not the students. Nor is it our
  society. Indiscriminately lending money to
  students without giving any consideration to
  whether or not they will be able to pay it back
  is not responsible.
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• When our banks misbehave, our federal government
  bails them out with our tax money. When big
  businesses misbehave, our federal government
  bails them out with our tax money. And the
  federal government never refers to these
  institutions as "our future." When college
  graduates find themselves in a position that
  makes it impossible for them to repay their
  student loans, they're on their own.
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• Forcing students to pay back what they will never
  have is not reasonable. Our college graduates
  don't even have to misbehave in order to find
  themselves in this position. Things change.
  Economies change. Family situations change.
  Students' lives change. Student loan laws have
  only changed once in this lifetime, of course to
  serve the lenders, not the borrowers, nor our
  society. In this case, the borrowers are our
  future, where three things are certain death,
  taxes, and student loan payments.