I really can't see this working. $150K in debt for a guy who has a degree, no dependents and nothing stopping him from getting (at least) an average-paying job

I really can't see this working. $150K in debt for a guy who has a degree, no dependents and nothing stopping him from getting (at least) an average-paying job doesn't sound like some kind of crippling debt. He just needs to pull his finger out and go get that damn job instead of keeping on plunging money into an apparently-unprofitable business. Forget "the power of the student loan industry", how would you feel if you'd lent somebody $150,000 to get an education and they refused to pay it back on the grounds that "aw man, I don't wanna get a job..."