"Martha Holler, a Sallie Mae spokeswoman, said that such threats would violate the company’s rules.
“The size of this account is extremely unusual, but not surprising given that the customer took out 32 loans to pursue undergraduate, law and masters of law studies and has not made a single monthly payment over his 26-year student loan history,” Ms. Holler said. “We are performing an extensive review of his extraordinary case, and if we identify any errors we will quickly rectify them.”
No, he didn't try to blow off his student loans with bankruptcy. He just never paid a dime on them.
Reading between the lines on both of these student loan situations, the average layman can probably reach the same conclusions as the learned judges and lawyers who ruled against both men.
The guys who took out these fortunes in student loans are nuts.
And unless they were foxy enough to sign them up for loans guaranteed by the Feds, the lenders are too. Do you think they'd lend YOU $350,000-400,000 backed by nothing but hot air?