Saturday, February 7, 2009

The Coming Storm

In a year or two, the fallout from a flawed system that many students in the United States must use for financing a college education will be much worse than today.

A new class of slaves will exist, having gone through the courts after defaulting on debt that can never be discharged (except in the most limited circumstances which includes death).

Furthermore, access to a college or university for many prospective and current students will cease as the money in 529 plans and other family plans has vanished in the down economy.

What is the best solution to this mess?

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