Disabled Middle Aged Woman Living Well Below Poverty Line is Ordered by Judge to Pay $37,400 in Student Loans

Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, a man of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity.

– Ralph Waldo Emerson, Wealth

Most of you will be aware that it’s almost impossible to discharge of student loan debt once you have it. It stays with you for the rest of your life almost no matter what, even if you file for personal bankruptcy.

Why does this matter? Well, we’ve all seen charts depicting the disturbing surge in student loans outstanding over the past decade or so. Charts such as these…

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