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I think that some posters are making judgements without having all of the information about this man's life. He seems to come from a very poor family.
I agree with the poster who stated that these loans are going in the same direction as the mortgage industry. The difference is that with student loans there is no way out. I also agree that even a 35 y/o chem. major might be clueless about finances (esp. if he never had money). He might have had unrealistic expectations of earning power after he received his masters.
lfk good point. Loans are not aid.
I happen to be one who thinks that public colleges need to be more affordable for the poor and middle class. Earning one's way through college was easier IMO 30+ years ago than it is today. Income has not kept up with rising tuition costs. I know that this is not a popular opinion on this board, but it is mine. I also happen to agree with many of mojojo's posts.
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