Foreign countries have their loans forgiven, Banks in debt are bailed out, Businesses can reschedule or bankrupt on their debts, the Crooks who looted the Savings&Loans cannot be prosecuted due to the statute of limitations, the Insurance giant AIG had portions of their debts forgiven, Congress critters’ staffs have their loans paid by the Government. But American students OWE FOREVER!
Under American Law there are only Two offenses which may not be barred by the Statute of Limitations ___ MURDER & STUDENT LOAN DEBT. We treat our Kids as Murderers . . . and Why? 100s of thousands of students and ex-students are marked with the brand of CAIN and we will ONLY forgive when they die.
Suicide is the dark side of the student lending crisis and, despite all the media attention to the issue of student loans, it’s been severely under-reported. I can’t ignore it though, because I’m an advocate for people who are struggling to pay their student loans, and I’ve been receiving suicidal comments for over two years and occasionally hearing reports of actual suicides. More people are being forced into untenable financial circumstances as outstanding student loan debt has surpassed $1 trillion. And people simply aren’t able to pay all the money they owe. In the past few years, the rate of defaults for federal loans has increased at an alarming rate. According to the Department of Education, those recent graduates who began repayments in 2009, 8.8 percent had already defaulted on their federal loans. That compares to 7 percent in 2008. Currently, 36 million Americans have outstanding federal loans. I can’t help but wonder how many of those millions are feeling distressed or suicidal, or how many have attempted suicide because of all that debt hanging over their heads.
— an excerpt from C. Cryn Johanssen’s article at the ECONOMIC HARDSHIP REPORTING PROJECT, “The Ones We’ve Lost: The Student Loan Debt Suicides” http://economichardship.org/the-ones-weve-lost-the-student-loan-debt-suicides/