Are Student Loans a form of Indentured Servitude?
- BethLv 62 years ago
No, student loans are a refusal from society to invest in the future of the youth of the nation. Higher ed should be a right available to any citizen, paid by taxpayers; instead, our tax dollars go to the military, prisons, and underwriting corporate expenditures.
- ?Lv 72 years ago
No--there are important differences. With indentured servitude, you make a contract with a specific employer for a specified period of time, and you trade your labor directly for a particular good or service that the employer provides or pays for. For example, Mr. Smith agrees to pay your tuition, and you agree to work for him for 10 years. You do not have the choice of which employer you work for or what type of work you do, and (in most cases), you do not have the choice of paying off the contract and being released from it unless Mr. Smith agrees. If he doesn't agree, you are obliged to work for the full length of the contract. During the term of your contract, all of your labor belongs to Mr. Smith and you have no right to earn income outside of what you owe to him (unless he agrees). Student loans, on the other hand, are simply a method of delayed payment for a product that you buy (education). This is no different from taking a mortgage to buy a house, or purchasing something from Amazon and putting it on a credit card. You are obligated to repay the money that you borrowed, but you control how you do it. If you can find some other way to make the payments, you aren't required to work at all. If you do work, you choose the type of work and the employer and you are free to change to a different employer at any time. You can earn as much as you are able and keep any portion of your earnings above what is needed to pay the loan. You are also free to terminate the contract at any time by paying what is owed. Although it might not seem like it when you're scraping to make the payments, but with a student loan you have choices and control. With indentured servitude, you would have neither.
- martyLv 72 years ago
The definition of indentured servitude is a person under contract to work for another person for a definite period of time, usually without pay but in exchange for free passage to a new country. I don't see how you make a comparison of that with student loans.
- SquidmasterLv 72 years ago
No, they're not. Indentured Servitude would require you to work for the person in question. You are not forced to work for the person who gave you the loan.