Currently, student loans are a big problem in America, because they are “super debts” which survive personal bankruptcy, and may even impact on the families of those who were coerced into taking the loans. The coercion is debatable, but the whole situation is similar to how the economy of Haiti was depressed for 200 years (until 1995), and the general lack of detached empathy to solve the problem for the “victims” is likely to make the problem last for a longer time than we might anticipate.
However, there is an idea which occurred to me: could and individual or small group form a corporation, buy a personal loan by an issue of bonds, and then assume that debt? Especially in the case of student loans, this would allow refinancing them without needed to either default or be worried about fees.
If I was a lawyer, or an professional accountant, I would push this type of scheme. If I was a central bank looking to foster local growth, I would prefer to have a few thousand people who own R&D corporations seeking to apply the benefits of higher education, than people who were forced to take relatively low-profit jobs for trans-nationals who were not primarily or sincerely focused on local, national, or personal development.
Since I don’t have any student loans myself, I could just ignore the whole issue… however, instead,
we’re going to do a series on it over the next few weeks. It will be a bit rough, but it seems this is one thing which only our Kikaku can do. Sadly. well, a lot is happening behind the scenes. Updates later.