We’ve entered an age where financial experts are declaring there’s a new American dream. Your house should be your home, not an investment, they now say. Reject the old truths that a student loan is always a good investment, they now warn.
Never mind that these are some of the same experts who, when the economy was roaring, said you couldn’t go wrong with real estate. They said it was okay to borrow for college because it would pay off with great salaries.
But there is no new American dream. No new money class, either. Many folks have found themselves in economic trouble because they let their dreams overshadow financial reality. They wanted what their income and class status couldn’t support.
For more information on current proposed changes to bankruptcy laws and how they might affect your student loan, contact a Kansas City bankruptcy lawyer at The Sader Law Firm.