The higher education bubble personified.
From Friday's New York Times, Again, Debt Disqualifies Applicant From the Bar. Excerpt:
[A] panel of five New York judges [denied] one would-be lawyer, Robert Bowman, admission to the bar because his debt approached half a million dollars.
“His application demonstrates a course of action amounting to neglect of financial responsibilities with respect to the student loans he has accumulated since 1983,” the judges wrote in a decision issued late last week. They went on to criticize his “dealing with the lenders.”
The decision, which comes as students borrow ever larger sums to cover the cost of higher education, blocked Mr. Bowman’s effort to have his bar application reconsidered after it was initially denied earlier this year. His long struggle to enter the legal profession was the subject of an article in The New York Times in July.
Without practicing law, Mr. Bowman said it would be difficult to earn enough to repay his debts which, because of fees, penalties and interest, were growing by about $10,000 monthly.
“This has destroyed my life,” Mr. Bowman said. “Everything I’ve worked for, every effort, every fight that I’ve taken to make this progress, has been for nothing.”
The photo above, of Mr. Bowman posing alongside his expensive wall decorations, accompanied the previous article about him in the New York Times and was credited to Suzy Allman.