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Student Loans – Beyond The Interest Rate Debate

Student Loans – Beyond The Interest Rate Debate

The problems with this legislation really only underscore the need to restore bankruptcy and perhaps other fundamental consumer protections to student loans. The Department of Education would be far more likely to come up with a good workable set of forgiveness programs with fundamental protections in place. Conversely, history (decades of history) clearly demonstrates that the Department will not do anything to help students in their absence.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.