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Personal Finances / Living Below Your Means


Subject:  Re: Don't do this.... Date:  2/25/2014  4:38 PM
Author:  Windowseat Number:  880440 of 902152

And the lady who got her second masters at that age was just bonkers.

When it comes to bad judgement in returning to school and taking out loan, this one comes to mind.

A Wisconsin woman graduated from a Massachusetts law school at the age of 61 owing a huge amount of student loans. She failed the bar exam three times. (I will add that she went to an unaccredited law school). When she asked the bankruptcy court to forgive her student loan she owed over $80,000. The court finally agreed that it would be impossible for her to ever pay her bills, and allowed her to discharge them.

I don't understand anyone going to school at that age, needing to take out loans that will presumably be for by the new education. It's one thing for people to go back to school after they're retired, paying for it themselves. That's fine. But to take on that kind of debt at that age is insane.

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