Which means the rest of us are now responsible for paying off their loans: Some Borrowers Are Moving Abroad and Abandoning Their Student Loans – The New York Times
Their lead anecdotal subject defaulted on a $60 per month payment… Another was an international student who didn’t realize part of his gift was taxable and took out a loan to pay the taxes, payments for which he stopped making, and then moved to China.
We desperately need schools to teach personal finance concepts – probably more important than derivatives of f(x).
