The Problem with Graduation Bear

Graduation Bear Created a Problem for Himself

Graduation Bear got his degree in Communications back in 2002. He got the degree from an exclusive northeastern private University. Because tuition was high, he borrowed the money for tuition and living expenses.

He spent the next six years going to parties and interest on the borrowed money piled up. He also got fined for delinquency because, the debt-holder said, he did not make a reasonable attempt to pay the loan back. Graduation Bear thought he would get out of this by simply declaring bankruptcy. Graduation Bear went to Alligator to discuss it. Unfortunately for Graduation Bear, according to Alligator, tuition debt is in a similar class with debt owed for child support or criminal restitution and is not terminated by bankruptcy.

Bummer!

Eventually he had to take a job that he didn't like.