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Should You Choose Student Loan Default?

student loan debt never goes away

I read a controversial op-ed piece recently from a writer who made the conscious decision to default on his student loans. The main reason was to¬†pursue a low paying career he was passionate about rather than take a job he loathed to afford paying back borrowed money. His rationale was that if everyone followed suit then universities, lenders, and the government would have to change the policies regarding student loan repayment or make higher education more affordable or even free to all. While he makes some interesting points, I don’t think anyone should choose student loan default, and here’s why. No One Forces Students To Borrow Money First of all, humans of sound mind possess something called free will. Obviously in some parts of the world, choices are fewer and further between, but here in the U.S., no one can put a gun to our heads and make us borrow money. This is true of mortgage, credit card, or consumer debt. While people like to go on and on about evil lenders or trickery employed by credit companies, we are not lemmings. Somewhere along the line, personal responsibility has gotten lost. Everyone has the power and obligation to educate ourselves ...

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