Student Loan Bailout
There are those people out there that have excess student loan debt and
will never be able to pay it off. There are those that got a great
education, maybe a Masters or a PhD, but they got it in a field that
does not pay well, so they can’t pay it back. Or maybe they got a degree
from a great school, but ended up being a stay at home mother, and
therefore they can’t afford the payments.
This is where the government needs to step in. They offer various debt
consolidation programs where you can take your student loans and offer
you a lower interest rate and put them all into one debt consolidation
loan. This will help many people who have several student loan bills
each month.
However, what to do about those people who have all that debt but won’t
ever be able to pay it back, even with a debt consolidation? That’s
where the forgivestudentloandebt.com people come in. They say that since
the government had no problem bailing out banks, they should bail out
individuals who cannot pay back their student loans.
They say that in some cases a debt consolidation will not help, but in
others, they say that there is hope. We are a nation indebted to our
government for our education, and many feel that this is wrong. They
want to see the slate wiped clean, and then they can start a life
without the overwhelming debt handing over their heads.
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