It is no longer an excuse to be old, poor, sick or down on your luck.....
Defaulted Loans May Haunt Seniors, The Wall Street Journal
Defaulted Loans May Haunt Seniors, Yahoo Finances (added)
The article describes a couple scenarios. Even the Wall Street Journal writes a biased story. I'm sure there are plenty who are collecting government checks who can afford to pay back their outstanding debt. Those examples were not on display.
Should we simply give a pass to those who make bad financial choices, even if they are now elderly? I don't think that is the right thing to do either.
Granted, the examples given should have been handled in a far more professional and certainly a more timely way. I can see the potential for horrible things happening to people due to illness they suffered. Each case should be allowed individual consideration.
There needs to be realistic, less difficult ways for those who owe the government (govt= us) to deal with their situation or any mistakes. No one should ever be left in poverty or extreme hardship.
Everything is so screwed up. Some people make millions and have way more than anyone would ever need. Some people are working their butts off, scrutinizing their budget, paying their way and just getting by. Some people are hungry.
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