I’m seeing a lot of yik-yak banging around the media and the Internet regarding student loan debt. Said yik-yak usually involving some Special Snowflake who has racked-up five or six figures worth of student loans getting a (less-than-useful) degree.
Seems these folks want the loans they got for their poorly-chosen degree plan forgiven — which is Socialist-speak for “Everybody else needs to pay for my degree in Gender Studies/ Sub-Saharan Basket Weaving/ Puppetry Arts/ WhatTheHellEver”.
It has apparently become such a brass ring for the Media that a significant part of Bernie Sanders’ campaign is about Student Debt; and a great deal of the allure of the Nordic Model to the Usual Useful Idiots is the “free college education”.
Setting aside the fact that abso-damn-lutely NOTHING is free, we here at The LawDog Files do actually have some sympathy for those poor students who have racked up stupid amounts of debt in pursuit of a useless degree, but — unlike the politicians or the media — we have discovered that there is an existing way to not only take care of that crippling debt, but to be actually socially useful.
Under the Public Service Loan Forgiveness Program, if you serve honourably in the military for ten years, or as Law Enforcement for ten years, or as a fire fighter (ten years), or serve ten honourable years in any of a number of public service jobs …
… You can have your entire debt forgiven. Minus 120 reduced loan payments during that period.
As a “for instance”, take this person:
I am sure that the above person will be ecstatic to learn that the Los Angeles Police Department is hiring! Ten good years street time and that debt goes away.
I am pleased to inform all three of the above that the United States Army is still recruiting. Honourable Discharge after ten years — or more — and all that debt is written off.
Good news, young … Thing … The New York City Fire Department is hiring. Ten years of running into burning buildings, saving kittens, and other karma-improving activities, and your $80,000 parchment receipt will be forgiven.
The Public Service Loan Forgiveness Program.
Granted, you have to be useful for ten years, but it is there.