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Personal Responsibility, 2015-Style
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This op-ed piece is designed to be provocative: It's by a guy who says he deliberately defaulted on his student loans, because he owed too much and, well, too bad. He even offers advice on how others should do it: Get a ton of credit cards first, marry someone with good credit, and then just don't pay. So, he didn't take any ethics courses in college. He seems to think that it's the predatory banks and government at fault, but it's also the insane cost of college and his choice to to go to an expensive private school, and then taking jobs in a field that doesn't pay enough to pay the loans back (writing). He even thinks that he has the moral high ground here because he shouldn't have to pay so much. His problem, though, is that student loan debt is never discharged. Good luck with that. Bottom line questions, though: Should they be giving student loans out to people who are bad risks, with no co-signers? Should college cost so much that you're in the hole for a hopeless amount the moment you graduate? And who's gonna pay when more people just don't bother anymore? (New York Times)
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