Published On: May 17, 2021

MUSINGS BY DIANE:

I am a huge supporter of education, but the typical borrower is usually not prepared to predict if, and when, they can pay back a loan.  Instead, some borrowers view it as “free” money and assume that they will find a way to pay it back “sometime”.  Typically, they do not finish their education and end up in a job that barely supports them, and their family.  Certainly they cannot afford to buy a home, save for unexpected expenses or pay for their own child’s education  It becomes a terrible cycle of borrowing, failing to pay, having their wages garnished, which now means they definitely cannot afford to pay rent.   This becomes a cycle of life for them, their children, and their grand children. 

There are alternatives – school grants, scholarships, an extra job, or help from family.  Never be too proud to ask family for help, if what you want to do it get a good education.  But, never see school loans as free money – they come with disastrous price tags.

– Diane L. Drain
Knowledge is Power -light shining on a book
By |Published On: May 17th, 2021|Last Updated: October 25th, 2021|

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About the Author: Diane Drain

Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.

*Important Note from Diane: Everything on this web site is offered for educational purposes only and not intended to provide legal advice, nor create an attorney client relationship between you, me, or the author of any article. Information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state. Make sure to check out their reviews.*

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“You folks are the BEST OF THE BEST in Arizona.” M.H.

You and Jay are the best attorneys I have ever had or needed and thank God for the Honorable Robert Gottsfield in recommending you folks – I would have never made it through the entire process without you and Jay and God Bless you both always and stay in touch as well. You folks are the BEST OF THE BEST in Arizona.

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I can’t say enough good things about Diane. The way she handled my not typical circumstances was amazing. I was very nervous to start the bankruptcy process but Diane just has a very comforting way of explaining the whole process. My only regret is that I didn’t find Diane sooner. If you find yourself in a financial situation that you can’t correct on your own, please Call Diane Drain as soon as possible.

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“Filing for bankruptcy can be a stressful life event” R.A.

Filing for bankruptcy can be a stressful life event, and selecting the right attorney can add to this stress. Diane and Jay were a pleasure to work with, and it is obvious that they are passionate about helping people get their life back on track. I would highly recommend them if you need a bankruptcy attorney.

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