Trillions of dollars are spent around the world for an college education.Most of this money comes from Student loans ,these loans are provided to help with tuition,books,and living expenses for students.After taking student loans and finishing college many people break their back to pay off the loans borrowed.No matter how difficult it becomes to pay the loans off students cannot file for bankruptcy ,the students will be held responsible and rising interest rates and over baring fees becomes a financial crisis for some.The people who are unemployed are helpless .The people who have illnesses are powerless.Is this issue morally correct?
This all may change,This year Obama has proposed an Student Loan Act .It gives former and future students that are unable to payoff student loans because of poor luck financially a break or lighten the weight on their shoulders.The bill provides full loan forgiveness for current borrowers who have
paid 10 percent of their discretionary income for 10
years.Future students have the chance to benefit from this bill as well,and will not be under extreme pressure to pay off student loans.On his TV show Mike Huckabee says "It is not all about jobs ,its about people." These are not just students, but these are people and people have issues and setbacks that cause them to not be able to contribute to paying back their loans.I think that the students that are in debt because of student loans deserve forgiveness .
I TOTALLY AGREE. I NEED SOME FORGIVENESS!!! It is not my fault my mom didn't have money to send me to school, and school is the only way to be successful! A perfect catch 22: you need to be successful, but it'll cost you a lifetime to pay it back. You barely enjoy the success. Well done!
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