Recovery threatened by runaway student loan debt

[SATIRical]

41. It's not rare

Pretty much any HS grad who lives in a city with a state college/university (and especially if there is a community college) can do it. If he/she is doing something with his/her life without demanding too much of the parents, most parents would let them continue to live there.

People are "deceived" into taking the loans? Then they need to sue for fraud. If not, then they weren't deceived. They just apparently did not read the terms of the loan they were taking out. Anyone capable of getting into college should be capable of reading the terms of the loan. At some point adults have to take responsibility for their decisions.

But I'll concede your point. IF a person isn't rich and HAS to go to a private school, can't work part time, and apparently cannot read the terms of a loan, then yes, the loan is inescapable...