It could be that he is just having a very hard time. From my own experience, sometimes shit happens, and when it does, it is just so hard.
No matter how hard his/her situation is, it still doesn't change the fact that asu defaulted the loan. If asu was in a really bad situation and at the same time if we're going to take the moral and ethical approach, the attempt would be to at least try to negotiate with DireWolfM14 for a reduction or complete removal of the interest(probably with some proof), and a delayed deadline. But nope.