The seemingly innocuous question and answer in the Bernanke testimony touches on student loans, and the question of actual returns on different subjects, practicality of studies to the practice of employment and the myth and fallacy of "talent". This is a scary proposition since investment on education is much in priority on the list of many as compared to property, in US you cannot get a haircut from student loan even if you file for bankruptcies, they are view as safe haven for pension funds and a good piece of meat by the private educational institution. Now there is risk and opportunity, and how to tap into that? Admit it or not, the level of default of student loan here is high, can we seize the guarantors ie parents assets? Can we tow their car, auction off their homes. And since pension is in play will the debt remain on them even if they declare bankruptcies?
Posted on: Fri, 26 Jul 2013 17:04:56 +0000
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