[calikismet]

Jumping in from the Russia board...

I have followed many friends' journeys as they adopted their daughters from China, and still follow a few blogs regularly. I truly am saddened by this news, and feel so badly for anyone who may be knocked out in May.

However, the point of my post relates to net assets..


I have been thinking a lot about this, and you know, these new rules, ironically, may wind up eliminating highly-educated parents from adopting... specifically, those with large amounts of student debt, related to higher education. It is not uncommon to see doctors, lawyers, PhD holders, even holders of masters degrees, etc from having more than $100K in student debt... the rates are very low and the payments affordable, but the actual debt is fairly steep... So unless someone has been out of school for many many years, and has been able to rebuild assets (home, which is usually the largest asset), anyone with advanced degrees that were financed through student loans woud be out.. I find that very interesting, since I assume that China would favor education!