There should be a great deal of sympathy (and, yes, someone in the gubment should actually do something) for those who failed at their attempt at higher education and are now saddled with the debt sans the degree (that would help then pay back said debt).
In this story at Bloomberg, the default data is tallied and – Surprise! – dropouts are defaulting at alarming rates.
Yeah, college is nice, but it’s not for everybody, and this is very much a case of giving someone too much rope with which to hang themselves.
Many years ago, when dropouts would walk away with a few thousand dollars in student load debt, it wasn’t such a big deal, but the numbers are much, much bigger today. Most 20-year old dropouts (surely there are quite a few exceptions) shouldn’t have to wear the debt of their failed college experiment like a ball and chain in perpetuity.
