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To: stan_sipple

how do you amass $360,000 in student loans and only be an attorney?


9 posted on 07/10/2009 6:07:02 AM PDT by martinidon
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To: martinidon

Is Higher Education the Next Big Bubble?
http://blogs.wsj.com/economics/2009/06/19/is-higher-education-the-next-big-bubble/


11 posted on 07/10/2009 6:11:53 AM PDT by stan_sipple
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To: martinidon; devane617
how do you amass $360,000 in student loans and only be an attorney?

He didn’t.

Jesperson, a 2000 graduate of Lewis & Clark Law School in Portland, Ore., had amassed $363,218 in student loan principal, interest and collection costs

The guy has not made any effort to pay the loans off. Compounded interest is magical especially when you add in collection cost.

Also notice what the different courts say about the dead beat.

But the appeals court on Wednesday determined that his "self-imposed limitations," which resulted in a gross income of $48,000, were no excuse for nonpayment.

Jesperson's employment track record was "besmirched by a patent lack of ambition, cooperation and commitment."

17 posted on 07/10/2009 6:25:19 AM PDT by Pontiac (Your message here.)
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To: martinidon

“how do you amass $360,000 in student loans and only be an attorney?”

Easy. Don’t make the payments.


18 posted on 07/10/2009 6:30:31 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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