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When my daughter was in college I watched her roommates take out student loans and living high on the hog, I couldn't believe it. They were oblivious to the consequences of their actions. They wanted to live like royalty and never considered taking a part time or summer job to reduce the future financial burden.
I have zero sympathy for those who graduate with major debit. But I also have a major issue with the financial institutions that prey on the financially ignorant. Perhaps you should be required to take a class in finance before your allowed a loan.
Anyhoo... we reap what we sow...
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