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	<title>Foundations of Finance &#187; bailout</title>
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	<link>http://www.foundationsoffinance.com</link>
	<description>Building a solid foundation of financial security</description>
	<lastBuildDate>Mon, 30 Jan 2012 19:46:33 +0000</lastBuildDate>
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		<title>Forgive Student Loan Debt</title>
		<link>http://www.foundationsoffinance.com/forgive-student-loan-debt/</link>
		<comments>http://www.foundationsoffinance.com/forgive-student-loan-debt/#comments</comments>
		<pubDate>Thu, 11 Jun 2009 19:25:32 +0000</pubDate>
		<dc:creator>FinanceStrong</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[ethics]]></category>
		<category><![CDATA[forgive student loan debt]]></category>
		<category><![CDATA[government programs]]></category>
		<category><![CDATA[morals]]></category>

		<guid isPermaLink="false">http://www.foundationsoffinance.com/?p=319</guid>
		<description><![CDATA[What kind of message is the government sending if they outright forgive student loan debt? Where's the acceptance of responsibility? What problem is this fixing?]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m going to make this short and simple.  So two new government programs, the Income-Based Repayment program and the Public Service Loan Forgiveness program go into place July 1 which promise to <strong>forgive student loan debt</strong> over various time periods and when certain qualifications are met.  They only apply to those with federal student loans. </p>
<p>I&#8217;m not going to get into the economics of all this of whether or not it&#8217;s a good idea.  I&#8217;m not going to bother telling you about the programs either.  I just want to discuss briefly the ethics and morals of these programs.</p>
<p>First off, I&#8217;m fully aware of the financial struggles this country is going through.  And I&#8217;m fully aware of how expensive higher education is&#8211;I&#8217;ve been there.  But what kind of message is the government sending if they outright <strong>forgive student loan debt</strong>? Where&#8217;s the acceptance of responsibility?  We live in a society where we all think we are entitled to something.  And everybody whines about this and that and expects Uncle Sam to take care of all of their problems.</p>
<p>Well, it disgusts me.  I&#8217;m curious to know what you think about these two programs and other related methods (could we say the word bailout? I just did) and about the prospect to <strong>forgive student loan debt. </strong></p>
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