Reply to Does anyone else owe a TON in student loans?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]...student loans are one of the very few non-dischargable debts out there. [/quote]

Well, yeah, because there is no way for a bank to repossess or foreclose on your education.[/quote]

exactly.  so many of these kids borrow a shitload to live large when in school.  I knew law students borrowing extra tens of thousands just to have nicer apartments, or to go out more at night, or to not have roommates.  I lived with my parents and went to a regional school and came out with $20K in debt.  [/quote]

+1. I definitely knew law students who lived like biglaw associates in a smaller northeastern city. They needed to be in doorman buildings in one of the fancier parts of town, go to the local restaurants in that part of town etc. -- when the dorms and the campus eateries were more than sufficient. Of course this was 8+ yrs ago when they were fairly certain they'd get biglaw jobs and have no problem paying off the debt. But still it adds up and when they got tired of the biglaw grind after 3-4 yrs, they were stuck because they still had significant debt to service.[/quote]

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