Student loans

After the 9/11 attack an attorney Kenneth Feinberg was given the responsibility to compensate the victims. He used the normal procedure of basing the award on how much the person was earning and how long they would have until retirement. This is the standard way that insurance claims are paid but then he added a twist. He subtracted from the award the amount of any personal life insurance the victim owned. In other words if you were a responsible person who purchased life insurance to protect your family you were punished for that as opposed to someone else who did not buy life insurance to protect their family. Something similar is being proposed by some politicians. They want to cancel student debt. In other words they will reward those who took out loans and are now unable to pay them back while those who paid their own way will not be rewarded.