This is appalling, and it says a lot (albeit it’s not the only thing able to be said) about the morals of those we’re “graduating” from college and university these days.
A study released Friday by the Brookings Institution finds that most borrowers who left school owing at least $50,000 in student loans in 2010 had failed to pay down any of their debt four years later.
Scofflaws. They need their wages garnished. If they’re unemployed, they need to be put into work programs–there are always highway rights of way that need cleanup, and ditches that need digging. They also can be put into AmeriCorps VISTA.
But no bailouts.