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The debt that won't die

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Published on Aug 21, 2012

Paul Moe had wanted to be a lawyer his entire adult life. On his 50th birthday, he decided to make it happen, and he took out $57,000 in student loans to enroll in law school. But after graduation, he couldn't find a job, and couldn't make his loan payments. So 20 years later, at age 69, his debt has ballooned to $158,000 and he's in default. The government withholds 15 percent of his social security checks as payment on his student loans. Today he says, "I chose to do something that I had [always] wanted to do. And that has presented me with a lifelong problem that is never going to go away."

To see more of Paul's story and more like his, visit: http://www.publicinsightnetwork.org/2...

Music by Johnny Ripper: http://freemusicarchive.org/music/joh...

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