A reason to pay.

College costs money, you would think, but more rather they make you pay. It really is expensive, but I'm sure you can afford it. Feel me? Not all the time at school is there a way to to do things that they want to do homework like they didn't in high school. You have to really think about it. Really.

They've got your money. Why do they care if you do your homework or pass the class. They're not there to babysit you.
The professors appreciate those who make the effort without the prodding.

At least from my experience.


Employers are the same way.

Ok... the following is neither financial nor legal advise... but certainly is taking advantage of capitalism...

So, here is how you play the game...

Get loans. Go to University. Get good grades. Get "higher" degrees if possible. Get loans for all of it.

...then get a career and start making money. (This part is crucial but also the tricky part.)

Now, take out a second loan to pay off your education loans. Get those education loans paid off by other loans and/or credit cards.

Now, money is tight.

You owe lots of money at horrible interest rates.

No worries. If you played this right your credit score is great.

Now buy a house that you cannot afford.

Pay on it for a year or two.

Now...stop paying on your loans....stop paying on the house...

Go get a bankruptcy lawyer and a real estate foreclosure lawyer (probably two different people that know each other).

1st go bankrupt... Chapter 13. This will clear off all your debts. (Though you will probably have some payments for up to 5 years...but much lower than all the payments you would have been making.)

Now, once you've paid off your Chapter 13...the Foreclosure on your house kicks in.

A good attorney will get you 3 to 5 years before the proverbial hammer falls.

During that time move to a lower cost area and rent our "your" house.

Pocket the money...invest it wisely.

Eventually the "hammer falls".

Two more years and you walk away free and clear of all debts and money in your pocket (if you invested wisely)...and you can start the game all over again.

Cons: Your credit score is going to tank...seriously...but only for a while... you might not be able to have credit cards for 2 to 5 years.... this too will pass. Yes "bankruptcy" sounds horrible but so do divorce and death. Remember, "you can't take it with you when you go, and they can't get if from you when your gone".

Pros: If you do it "right" you legally wipe away the vast majority of your debts.

And...you get to laugh at the bank the possibly deserved to get

Disclaimer... this is not legal advise.

PS
Don't do any of that...it makes you a terrible person.

2

Timing is important.

Don't get married and don't have kids - it'll f*** up the whole plan ... if you chose to be a "responsible" person.