Is the cost of education fast becoming a bigger gamble while America mires in governmental mismanagement?

First, I think any public school student who aspires to his passion to investigate beyond the classroom to a complete education.

About student loans that remain after death, I do not know, but hopefully with other outstanding debts , they would be killed.

I think the right decisions about college and student loans are still a good value.
I have three children who went to a private university, its loans were horrendous. Do you think you are still paying eleven years later . But they have good jobs.
The fourth was a community college . Their loans are much, much more reasonable. I do not think its going to take five years to pay.
I do not think much more expensive private university was a good decision .

While I agree with you that there are problems for some students who have borrowed money for college, so borrowing money is a bit of gambling, I disagree that the problem is caused by the government action alone. Many of the worst examples of students leaving university with high debt behaves activity private loans or private schools, or both
. MedlinePlus Comments on the "First", the economic turbulence. I strongly disagree with your assertion that the citizens did not cause the economic crisis we are experiencing. Our state and federal governments do share some of the blame, but not all the blame. "Government" does not apply to mortgages or give mortgages to people with questionable qualifications. Government does not recruit people to "invest" in housing at inflated prices. Government authorized the risky business of buying and selling of packages or risky loans, but banks were effectively promoted the practice and the money invested in derivatives that have not understood. Government collects corporate taxes quite high, but corporations are responding to shareholders and pursuing short-term profit at the expense of long term viability. I think it is a dangerous fantasy to blame only the government, but we must look at the behavior of corporations and private citizens also if you ever hope to dig our way and avoid a repeat. MedlinePlus MedlinePlus "Second": It's not the cost of education itself can be a problem, I see several "risk". It starts with the choice of school. Can students pay the school they choose? Is school a "private for profit" school? Does the student has examined whether school graduates are able to find a job? If a student does not have the savings or scholarships to attend a big league, what he or she consider attending a less expensive school're right about not being laid off student loans during bankruptcy, and federal student loans can cause wages to be garnished and tax refunds to be taken;?. however, not all loans are the same with federal student loans, there are procedures to renegotiate the payment plans. this is not always an option with private student loans Private loans are managed by banks, and these banks can be relentless in gathering again. are private entities that offer enormous student loans, taking a risk to lend large sums of money without any guarantee ..... very similar to the subprime that were causing much of our current financial crisis. The government is not giving these subprime loans, private lenders. So the question is, do we want to control citizens (government intervention) or we will continue the protection is but buyer beware '"(keep government out of it)? I realize that bankruptcies are sometimes necessary, but do not think that the debts disappear when a person files for bankruptcy, if a lender 'eats' a bad credit, then there is a loser, raising costs for the rest of us. MedlinePlus MedlinePlus You ask what happens if a person dies before your student loan is repaid. Like any other debt, the creditor has a claim on the estate. If a person has a mortgage, a car loan, credit card debts, etc., these debts do not disappear when a person dies, the lenders have 'exclusive' on a farm. Why student loans to be different? MedlinePlus MedlinePlus Not all students obtain student loans. You do not need rich parents to avoid student loans. Not even need parents who saved their children's education. A combination of choosing the right school, possibly, scholarships and grants, and work can pay for school. I opened it to college without debt. My two daughters have paid part of their education after high school. Because military service, both are eligible for VA benefits-could now argue that there was no risk involved in the military, but not debt. MedlinePlus MedlinePlus What I really like to see is part of consumer protection legislation solid, and education for students and parents regarding finances. Until these things does not see the situation improving.

I do not know about the U.S. , but in Scotland MedlinePlus MedlinePlus Usually cancels any loan plus interest : MedlinePlus MedlinePlus ? when you reach 65; MedlinePlus ? if you die before repaying the loan , or MedlinePlus If you become permanently disabled and unfit for work . MedlinePlus MedlinePlus Additionally, you can defer loan payments if your salary is low