Debt Security
December 10, 2005
The New York Times has a story talking about how Student Debt is now Collectible by Social Security.
Since the overwhelming majority of college graduates leave school with both a diploma and debt, something must be done. This can possibly add to the litany of reasons for individuals to be more proactive in the acquisition of funds for education. This can be done in a few ways, three of which I will list here:
1. Work (part/full-time or work-study) during school
2. Actively and continuously pursue scholarship and grant monies
3. INVEST
B posted about how other government/corporate safety nets are disappearing like Michael Jackson’s melanin, and this is another example. The notion of future uncertainty can often inspire immediate action. If you don’t incur debt, you don’t have to repay debt. That way, maybe the little bit of Social Security or corporate sponsored pension that may/may not exist will not be vulnerable. Think of it as a G.W. style pre-emptive defensive maneuver.
Comments
Got something to say?
