>>so he went back to school on someone else's money (yes, he borrowed it - which makes it someone else's dime). (Hmmm....could those school loan repayments be part of the problem, or was he one of the ones who got most of it 'forgiven'?) Still couldn't live within his salary so he went back to school yet again - on someone else's money.
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>Credit is not "someone else's dime", it it a deferred payment with a price (interest). It is your own dime paid at a later date.

And this money that you are lent just appeared from no where? Last time I checked, institutions that made loans made them based on money on hand.