liveonearth (liveonearth) wrote,
liveonearth
liveonearth

My Bailout is Next--or Student Loan Debtor's Prison

http://www.thepetitionsite.com/takeaction/652/965/447/?z00m=19981889

This is a petition asking for student loan debt to be forgiven so that we can go about the business of opening new businesses, instead of getting low paying stupid jobs just to be able to make monthly payments on our student loans. I've been saying for a while now that the student loan debt is the next bubble. Last year student loan debt surpassed credit card debt in the US. It's evident to me that I will probably not live long enough to repay my entire debt--I'm just not that young, and the economy is not looking great. I'm not saying I deserve a bailout: I own my foolishness taking on this debt. I'm willing to work hard for the rest of my productive life, and I'd like to give back. I always wanted to be a doctor. I've never had a debt before, and it was and is an uncomfortable decision. If there were prisons for debtors in the US then I wouldn't be too surprised to end up there. But we don't imprison debtors, we just harass them. It is that harassment and the suffering involved in mindless work that I would like to avoid, in favor of being able to concentrate on the business I would like to open, and the people that I would like to help. If the fed were to excuse my debt, I would be able to do more for public health than I otherwise could do.
Tags: america, debt, decisions, economics, education, finance, medicine, mistakes, my life, public health
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