Signs of the times, continued

Over at Legal Profession Blog they’re linking to a story about a man denied admission to the New York BAr because he had too many outstanding student loans.

As an aside, bankruptcy law has always puzzled me.  If you buy a $400,000 yacht you can’t pay for, you can wipe the slate clean in bankruptcy and the lender takes a bath.  If you buy a $400,000 education you can’t pay for . . . it’s a different story.

[Frank Snyder]