Thoughts about student loans including suggested solutions.

Danielle Douglas-Gabriel / Washington Post:
Trump administration rolls back protections for people in default on student loans  —  Days after a report on federal student loans revealed a double-digit rise in defaults, President Trump's administration revoked federal guidance Thursday that barred student debt collectors from charging high fees on past-due loans.
Notes:  To the millions of students thinking that their loans,  taken out with a promise from them to repay,  is somehow unfair:  Its your loan and your future,  not mine.  I paid my loans back.  
Can't go to college and can't get a loan?  Maybe you should stop smoking dope and get a job.  Or, go to trade school or,  at  some level,  give up on your dream job   . . . .  that is,  if you can't afford the education necessary to get that job.  

Look,  I would rather drive a new Corvette than my new Canyon pickup   . . . .   but I have dealt with reality.  
Lessons learned involved dealing with reality.   

I argue that students are responsible for their student loans.  But,  more than this,  so are the lending institutions.  They took the chance.  It is their loss unless they can work out a "deal" that returns a part of their loan.  What we do know is this:  It is not my responsibility,  the taxpayer,  to pay for someone else's hopes and dreams.  Give them opportunity?  Yes.  Pay their way through life?  Drop dead. 

Now,  having said all of the above,  part of the solution, here,  is a chapter 13 bankruptcy. Its legal;  its penalties  (loss of good credit) is temporary and can be repaired in two years,  and it gives the lenders a good portion of their many back   . . . . .   beats asking me to pay your bills,  that's for certain.