New Orleans The announcement by Secretary of Education Arne Duncan that student loans will be forgiven from tens of thousands of students who attended Corinthian Colleges, a for-profit company that went belly up last month teaching many invaluable but expensive lessons in finance and apparently fraud. The action is important on many levels, but it is vital to acknowledge …
Tag: student loan debt
Forgive Some Portion of Student Debt and Make Payments Affordable
New Orleans According to a recent report from the credit bureau, TransUnion, covered in the Wall Street Journal, student debt is now knocking on the $1 trillion mark with $900 billion now on the books. More than $300 billion of that debt is termed “subprime” student-loan debt, where the likelihood of repayment by once ambitious …
Oil Field, Big Money, Big debt or School?
Dauphine Island A front page article in the Times blurted out that “Pay in Oil Fields, Not College, Is Luring Youths in Montana,” as if they were sounding the alarm that perverts were roaming loose in the playgrounds. A 19-year old was shown in front of his new, black GM Silverado pickup in …