Ethics Discussion: Default and Discharge of Student Loans

There's a great summary in your text $($located after chapter $31,$ titled: Unit Six Application and Ethics$),$ that provides students with information regarding types of student loans and the consequences if not paid $($default of the loan$).$ If you need help finding the summary, here is some guidance: "when you are in the e$-$book, click on the table of contents. Then go to: the SUMMARY button after the unit: Creditors' Rights and Bankruptcy. Click Unit $6$ Application and Ethics."

Instructions:

Read the summary on Federal Student Loans $-$ Default and Discharge.

INITIAL RESPONSE MUST answer two separate issues as follows:

$1.$Provide a listing of five items $($bullets or a numbered list$),$ that you learned while reading this summary. You should include information about the different types of loans, what happens upon default, as well as forgiveness of loans and an example of when a loan may be cancelled.

$2.$Provide a $6$ to $8$ sentence paragraph that provides your thoughts on the Ethical Connection section of the summary, answering the following question: In addition to the borrowers listed in the summary, who else deserves to have their federal student loans forgiven and why?

SECOND REQUIRED POST $-$ Comment on a classmate's post:. Provide a $3-4$ sentence reply to the post of any one of your classmates with your thoughts on their answer to the question regarding who else deserves to have their loans forgiven $-$ whether you like it$,$ dislike it$,$ etc. Don't just say, I agree or I disagree. Make it thoughtful discussion prompt, resource or idea$/$example$.$ Please make the post personal by replying to your classmate by first name. For example, if you were replying to my post, you could say, $"$Hi Elizabeth. I really enjoyed reading about what good $"$E$"$ company is doing. I like this because $..."$

Please post your initial response by $23$:$59$ EST Thursday and comment on the post of one classmate by $23$:$59$ EST Sunday.

Submission Instructions:

If the initial response is late, a $50\%$ penalty will be imposed.

If the comment on the post of one classmate is late, a $50\%$ penalty will be imposed.