I could think of several options. Tax credits for single parents, extensions on the educational loans.
I think you're missing my point. There are plenty of parents out there that are simply never going to be good advocates for their own children. In fact a lot of people who have studied the problems with inner city education say that lack of parental advocacy is the *main* reason that these children do not do as well as their peers in better neighborhoods. What I'm trying to figure out is how your system would deal with the children of parents who are essentially absent from the educational process.
The onus of the loan is on the parents, not the child.
A big part of the reason we are willing to lend money to kids going to school is that we believe that giving them an education will shift their own income bracket enough that they could conceivably afford to pay off a loan while also enjoying a higher standard of living. Otherwise the lack of credit history and collateral would make such a loan untenable. In other words: what about the parents that should not, under any circumstances, be allowed to borrow money? Either because they are already in debt up to their eyeballs, or have never made a loan payment in their life (but not for lack of borrowing), or both.
![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
Re: ;-)
Date: 2008-09-15 08:22 pm (UTC)I think you're missing my point. There are plenty of parents out there that are simply never going to be good advocates for their own children. In fact a lot of people who have studied the problems with inner city education say that lack of parental advocacy is the *main* reason that these children do not do as well as their peers in better neighborhoods. What I'm trying to figure out is how your system would deal with the children of parents who are essentially absent from the educational process.
The onus of the loan is on the parents, not the child.
A big part of the reason we are willing to lend money to kids going to school is that we believe that giving them an education will shift their own income bracket enough that they could conceivably afford to pay off a loan while also enjoying a higher standard of living. Otherwise the lack of credit history and collateral would make such a loan untenable. In other words: what about the parents that should not, under any circumstances, be allowed to borrow money? Either because they are already in debt up to their eyeballs, or have never made a loan payment in their life (but not for lack of borrowing), or both.