In the final analysis, and having said all this, a world without student loans is unthinkable. This is one of the many reasons why the recent government bail-out of the financial sector has to work, in the process preserving the student loan option — and campus diversity.
All the same, there should be even more strident warnings given to students and parents as they sign those promissory notes, often signing away their credit ratings for a lifetime. Lest they too find themselves whimsically wishing for a personal bail-out from an ever-growing student loan total.
Dr. Pamela D. Reed is an assistant professor of English and African-American literature at Virginia State University.
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