$555,000 in Student Debt, Payments to Age 70

Written by Gary North on August 1, 2012

This woman is 41 years old. She is single. Anyone who marries her gets $555,000 in debt. No man wants to say “I do.” She is trapped until age 70, unless hyperinflation delivers her. No one warned her. Her father even co-signed for part of this debt. The world is full of economically illiterate people. […]

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Why Don’t Parents Warn Their Children?

Written by Gary North on July 24, 2012

This woman is close to $200,000 in debt for a useless college degree. So is her husband, who married her debt, “to have and to hold, until death — or a bankruptcy judge — do them part.” They will never get out, unless a lenient judge lets them off the hook. I do not understand […]

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What if Your Son Marries a $149,000 Student Debt?

Written by Gary North on July 20, 2012

These stories are becoming common. A woman borrowed $100,00 to get a college degree. She stopped paying interest. Now she owes $142,000. Some guy married her. Now he owes $142,000. Combined, their after-tax income is $42,000. They cannot write off interest payments from gross income. The law was changed. Will they be able to buy […]

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