首页
登录
职称英语
Student loans are based on a simple idea: that a graduate’s future flow of e
Student loans are based on a simple idea: that a graduate’s future flow of e
游客
2023-11-12
22
管理
问题
Student loans are based on a simple idea: that a graduate’s future flow of earnings will more than cover the costs of doing a degree. But with unemployment rates in parts of the rich world at post-war highs, that may no longer hold true for many people. The consequences will be felt by everybody.
All over the world student indebtedness is causing problems—witness this month’s violent protests in Chile. In Britain, according to a recent parliamentary report, rising university fees mean that student debt is likely to treble to £70 billion by 2015. But, partly because higher education there is so expensive, the scale of the problem is far greater in America. When the next official estimates of outstanding student debt there are published, it is expected to be close to $1 trillion, higher than credit-card borrowing. Credit quality in other classes of consumer debt has been improving; delinquency rates on student loans are rising.
Many of the anti-Wall Street protesters push the idea of blanket debt forgiveness as a solution. But that is the wrong answer. Higher education is not a guarantee of employment, but it improves the odds immensely. Unemployment rates among university graduates stood at 4.4% on average across OECD countries in 2009. People who did not complete secondary school faced unemployment rates of 11.5%. Much of the debt that students are taking on is provided or guaranteed by the government. Imposing write-offs on all taxpayers to benefit those with the best job prospects is unfair; and ripping up contracts between borrowers and private lenders is usually a bad idea.
That said, student-loan systems in America and elsewhere are often badly designed for an extended period of high unemployment. In contrast to the housing crash, the risk from student debt is not of a sudden explosion in losses but of gradual financial suffocation. The pressure needs to be eased.
One option is to change the bankruptcy laws. In America, Britain and elsewhere, these treat student debt as a special case: unlike other forms of debt, it cannot be wiped out. If student debt is not to bound existing graduates and put off future ones, the rules could be changed so that it is dischargeable in bankruptcy. Yet the reasoning behind the current bankruptcy provisions is logical enough; education is an asset that cannot be repossessed and that keeps on benefiting the individual through his or her lifetime. Some worry that graduates would rush to declare bankruptcy, handing losses to taxpayers.
So a second option is preferable. Many countries, America included, have designed student debt primarily as a mortgage-like obligation: it is repaid to a fixed schedule. Other places, like Britain and Australia, make student-loan repayments contingent(依情况而定的)on reaching an income threshold so that the prospect of taking on debt is more acceptable to people from poorer backgrounds. That approach makes sense, especially when jobs are scarce. Barack Obama this week proposed to limit loan payments for some struggling American graduates to 10% of discretionary(任意的)income and forgive outstanding debt after 20 years. Income-based repayment ought to become the norm.
Both changes would lead to a repricing of student debt. That would be a bad thing for taxpayers, but a good thing overall. If such information were made public, other useful data would follow—on the average financial returns to graduates of specific subjects, for example. Those studying less profitable subjects would have to pay more, or be subsidised more. It would be a controversial approach, but a more educated one. [br] We can learn from the first two paragraphs that_____.
选项
A、high unemployment rates make it hard for students to get loans
B、rising university fees is a valid way to balance the student loans
C、student indebtedness has become an increasingly tricky issue
D、credit quality has been improved including student debts
答案
C
解析
推理题。根据第一段的内容可知,自二战以来,失业率屡创新高,助学贷款引发的学生债务问题日益严峻,并且“每个人都会感受到它带来的严重后果”;第二段具体陈述了各个国家学生的助学贷款问题,由此可知,[C]“学生债务已成为日益棘手的问题”为正确答案。第一段第二句提到失业率自二战以来创下新高,但没有说学生因此难以得到贷款,故排除[A]。根据第二段提到的“在英国……高涨的学费意味着学生债务有可能在2015年增长三倍”可知,涨学费不能解决学生的债务问题,故排除[B];根据第二段最后一句“在消费者债务的其他领域,信用质量一直在提高,而学生贷款的拖欠率还在继续攀升”可知,[D]陈述错误,故排除。
转载请注明原文地址:https://tihaiku.com/zcyy/3179866.html
相关试题推荐
China’suniversitygraduatesarefacingthetoughestjobmarket.Whydoesth
Jackwouldhavebeenatopstudentinhisschoolatthetime,buthe______hard
InAmericancityschools,howmanystudentsareabsentonadallybasis?[br][
InAmericancityschools,howmanystudentsareabsentonadallybasis?[origin
Manystudentsfindtheexperienceofattendinguniversitylecturestobeac
Manystudentsfindtheexperienceofattendinguniversitylecturestobeac
Manystudentsfindtheexperienceofattendinguniversitylecturestobeac
Manystudentsfindtheexperienceofattendinguniversitylecturestobeac
Manystudentsfindtheexperienceofattendinguniversitylecturestobeac
Manystudentsfindtheexperienceofattendinguniversitylecturestobeac
随机试题
[originaltext]W:Hi,ProfessorHiggins.M:Hi,Julia.W:Wouldyoubeabletoh
"MadeinChina"lostitsnoveltylongago.Thelabelhasbecome【C1】______in
EducationStudyFindsU.S.FallingBehind[A]TeachersintheUnite
下列关于套筒冠义齿基牙制备不正确的是()A.前牙切端及后牙面至少预备
()除依据《公司法》等法律法规和商业银行章程履行职责外,还应当重点监督评估
消费指标包括( )。 Ⅰ.金融机构存款总额 Ⅱ.外商投资总额 Ⅲ.城乡居
诊断间日疟取血最适宜的时间是()A.发作之际B.发作后数小时至十余小时C.发作
北宋史学家司马光主持编写了我国第一部编年体通史巨著,记述了从战国到五代l300多
基础心理学是研究()。 (A)正常成人心理现象的心理学基础学科 (B
企业采用权益法核算长期股权投资的,在确认投资收益时,不需考虑顺流交易产生的未实现
最新回复
(
0
)