STUDENT LOAN DEBT CRISIS NEEDS EXPANSION OF FORGIVENESS CHOICES
It's also time to include federal and private loans into bankruptcy discharge
It's also time to include federal and private loans into bankruptcy discharge
By John R Hernandez@NDMH-2015
"The student loan debt crisis has reached epidemic levels (over 40 million not counting those who have gone underground or committed suicide because of it). Very few individuals and or -if any- excepting Alan Collinge and some others are at the forefront in trying to get this issue out to the public and reforming its present day conditions. In the forefront of his fight on this issue is his support for inclusion of student loan debt into bankruptcy petitions. We all need to support individuals and organizations like his. If we want to see justice and equity in a system that has become burdensome, mentally and physically crippling to the lives of so many men and women. Who once believed that a loan was the way to get that much needed education.
Yet, later on they found out that the costs don't always reflect the possibilities and or opportunities available in today's employment scheme. One example is where you don't always have to be the best educated to get the job. Companies and institutions in many cases will simply hire part timers and or under-qualified individuals and train them as they go to forego having to pay for graduates who are often seeking better wages than those afforded the less qualified choices that most companies will usually make. Its cheaper and easier for a company to go the easy way out. Companies don't owe colleges or the Dept of Ed a dang thing. This why I am committed allowing both federal and private loans to be included into a bill which would allow for debt forgiveness for both.
However in my opinion It's also time to expand the choices available in Student Loan Forgiveness to those that resonate with today's students and ex-students. We need to provide more choices for individuals to clear their accounts or parts of their accounts. With additional inclusions of volunteer programs such as in; hospitals both (veteran and public), to rehabilitation service providers, blind and physically handicapped hospices, schools and private institutes of higher learning (to include organizations such as Boys and Girls clubs of America, 4-H, as well as all other privately and publicly funded organizations),\.
Everywhere in all areas of life volunteers are needed to assist others, groups, companies, government institutions and private entities. Why not put more effort into expanding possibilities where men and women in debt may place their energy, time, and creativity towards helping others. There are a myriad of places and opportunities where an individual and individuals may be able to put in some time. either being physically present or via the internet. Where they can get credit for time spent on projects that can be certified towards their getting the needed lowering or termination of their debts to the US Department of Education and others. But of course this next suggestion is going to get about as many applauds as Jimmy Carter getting the citizen of the year award. In biblical times we had the Year of Jubilee where debts were forgiven!" JRH-2015 NDMH
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