With all of this being said, has it become a little more difficult to get this kind of borrowing? I mean I have heard a few people saying that they had trouble getting financing for college but I don't really know whether or not they had terrible credit or no one to co-sign.

I mean seriously, when I enrolled in college it was truly a cake walk to just borrow as much money as you needed with no questions asked. My parents were middle class people that never really made too much. I could have borrowed up $50k per year as far as the lenders were considered. I still shake a little when I think about how they would ask my how much I needed and I would just tell them what the school told me I would need. 2 days later it was paid and there was a check for the difference in my mail box. Ok, I'm 19 years old and have a check made out to me for $9000 in my mail box? I'm thousands of miles from home and this is quite tempting. Sure, my parents instilled good values in me so I put it in the bank and used it for the next semester. But I watched a lot of students taking that money and buying motorcycles, cars, boats, alcohol, strippers etc....... For the sake of humanity I really hope this has come to an end.

So needless to say, a lot of people really put themselves in this position but there are lots of guys such as myself that have done everything correctly and if we stay in this profession will not be able to buy a house until after we retire. That is if we ever get to retire.

You should have to go through a long extensive investigation by a board as to whether or not you are in the position you are because of stupidity or that you were truly misled on your investment. Yes, I believe that BK should be an option but only after an background check and so on. Damn you Keybank!