No. of Recommendations: 1
<<This is a link to a lengthy NYT article that appeared over the weekend. It gives some details about the amount of the student loans that law school grads have been racking up. A quarter of a million is not uncommon, and very few new lawyers will get the kind of jobs that will pay them enough to pay off the debts.

And student loans are not cancellable in a bankrupcy, are they?
This is a very bad situation in which very young, very inexperienced people are suckered into a debt trap that will literally destroy their lives.>>

Not to worry.

The government is going to bail people out, one way or another. If you can pass amnesty laws for illegals, a bail out/loan forgiveness, BK or otjher means to let student loans debtors off the hook is inevitable.

The people who didn't take out loans will be proven to be the suckers.

Seattle Pioneer
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