An unexpected paradigm shift. When one reads about a paradigm shift – a change signaling a new way information is interpreted, it is nearly always in reference to a new and more accurate way of thought. Yet, we see in this country paradigm shifts of another category, those that suggest a decline in outlook, in values, and in prestige. This paradigm shift is about national, state, local, but particularly student debt. This is a story of unexpected and unintended consequences. Case-in-point: student loan debt, defaults and their implications. The new reality… for many students, there is no debt. It is an abstract concept not pertaining to regular people, i.e. us. As though there are not enough fiscal problems facing the US Treasury, we have the following… “ The growing number of students who have defaulted on their federal student loans is troubling ,” U.S. Secretary of Education Arne Duncan said. The Department will continue to work with institution
Random thoughts and used ideas