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News Link • Economy - Economics USA

Morally bound to pay off school debt or not?

• http://www.dailypaul.com, Jarrett
 

Hey everyone. I just wanted to get your insight on something my friend said to me recently that's a bit of a conundrum for me. Let me preface this by saying that I'm current on all my student loans and bills.

He's 37, got his masters a couple years back at a school that supposedly had a 100% placement rate at good companies. Turns out that 100% bit wasn't true in his experience and his advisor just kinda shrugged his shoulders when he found himself without any takers after graduating.

So here he is with $100,000 in student loans staring him in the face and without the high paying gig he was "promised" to pay it off with. He decides he needs to clear his head and goes to Asia where he now teaches English. In my 1 year of knowing him, I've never known him to lie or slack off when there's work to be done and my impression is that he is an honest, hardworking, outgoing American.

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