The American Bar Association is on the government-solution bandwagon

The ABA has done it too.   In its Resolution 111-A, it asks the government to help out students who voluntarily take on too much debt.

They’re asking the federal government to alter the terms of loans the individuals took from private corporations — commercial lenders.  Sure, they’re asking the commercial lenders to change terms as well, but the idea of asking the federal government to change loan terms after-the-fact is an anathema to me.

To the ABA and anyone else…

If you want to go to law school, fine.  Figure out how to pay for it, negotiate for the loans if needed, then live up to your end of the contract.  If you make a mistake, live with it.  DO NOT ask Uncle Sam to take care of it for you.

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