There are tons of stories in the news about college students (and especially law students) having outrageous student loan debt. The debt can’t be paid. The debt is thousands upon thousands of dollars a month. The debt is making all these people impoverished. Everyone is defaulting and losing everything due to the oppressive student loan payments.
These people claimed they were tricked and bamboozled by the lending banks, and just have no idea how this happened. They claimed they lived frugally and scraped by, doing their best to keep debt low while also getting a first rate education.
I will be probably be completely excoriated by my peers and others for this, but if this student loan debt was acquired any time from 2010 up to the time of this writing, I have one word for these claims: Bullshit. Continue Reading