White House rolls back protections for people in default on student loans
I&#x27;m surprised by the comments here. I am a fiscal conservative, but having taken and struggled to pay for student loans, and having hired people in the same situation, find that the lending programs are predatory by nature in that they know students will be unable to service the high monthly payments, and eventually default as a result.<p>Do I think people should pay their debt? Yes, but these lenders are the same lenders that get bailed out time and time again. They are in no peril. It is our students that assume this risk.<p>The only reason I was able to pay my loans was because the Army paid them for me after I completed my term of service. I tried for years to find employment that could help me escape a life of poverty but could not. It was not until I left the Army and started my own business that I finally started to claw my way out.<p>Our education system is broken. We know this. So lets stop punishing kids for doing what they&#x27;ve been told do to throughout K-12, and instead help them find a way out of the rat race. Kids swimming in debt are of no service to this country. We have to do better.