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Originally Posted by kickstart
Who actually takes the bullet when these peoples' loans are forgiven?
He consumes $10,000 in debt and then it is forgiven because of statues of limitations. So has to foot the bill for that?
In regards to the article: Honestly, there needs to be a course in high school alongside math, language arts, history, and p.e. that talks finance. Not an ec class but a mandatory one.
In New York state there is a mandatory economics class you must take in order to graduate as a senior. It is a half- year course. It's actually taught me a lot and surprising, opened a savings/credit account and next year will start earning a credit score. Taking the class now and it teaches about how to save, over drafting etc etc