RHenriksen wrote:Student loans?
I walked through the TV room a couple of days ago, and my wife was watching Judge Judy. The plaintif was demanding repayment repair bills to a car borrowed and wrecked by the defendant—a former boyfriend. Judge Judy asked her how she paid for the car when she bought it, since she didn't have a job at the time, probably assuming that the former boyfriend had helped her to pay for it.
"Student loan," was her answer.
People use student loans for all kinds of things besides school. A former girlfriend of mine qualified for student loans when she was a student at UC Santa Barbara. Every year, she would apply for and receive loans (she was also on an athletic scholarship). She would take the money and invest it in a short term CD which paid more interest than the loan was pegged at. Each semester she made a few hundred bucks that way. At the end of the semester, she'd close the CD when it had reached maturity, pay off the loan, and pocket the difference.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, "Those Who Remain"
#TINVOWOOT