As resumption of educational debt repayment looms, more than 7 in 10 borrowers say they are taking on extra work, while half say they don't know whether they'll be able to make payments come October.
Because it’s a pointless waste of money that’ll stop people from getting anywhere in life.
I am not going to repay mine. If I have to make major purchases in another country, I will. If I have to expatriate to escape the debt, I will. But I am not gonna give them a dime of my money, at least until I’m rich enough that paying off the debt won’t affect me in any meaningful way.
There is nothing you can say or do to change the truth behind what I said or convince me to adopt your way of thinking on the matter. I will not pay student loan debt and that’s final.
I find this interesting. By all accounts it seems it is unavoidable but to pay it back, so I am really curious how you plan to escape it. College prices are certainly predatory and this whole thing is awful, I just haven’t seen a real solution for those suffering. It seems like the new slavery to me. Is there a viable escape?
In my case it’s a moot point since I am going back to college to finish my degree next year, and student loan payments are paused while you go to school at least half time.
I think the best plan for people is to do all business through LLCs – maybe negotiate as a group with your bosses to have checks sent to an LLC where they are then distributed to individual members. They get taxed that way but oh well. I have no idea if companies would do that.
Failing that, conduct all business in crypto. Band together with a group of people, buy land in a remote place, set up mobile homes or RVs there and escape everything.
Ride out the student loan renegotiation process as long as possible.
Expatriate.
Start businesses and then just refuse to garnish employee wages. Switch assets to different LLCs to avoid the IRS.
Try to apply for poverty based forgiveness – I don’t know if that’s still a thing or not.
Honestly, if millions of people banded together and just refused to pay the loans outright, and went on strike from them, it could cripple the money lenders and force them to the table to negotiate, and hopefully wipe the debt.
Honestly, if millions of people banded together and just refused to pay the loans outright, and went on strike from them, it could cripple the money lenders
All the people here screaming “but they will garnish your wages!!” keep forgetting that it only works that way if there are a few people at a time who can’t pay. The whole thing falls apart if enough people refuse to pay.
What about younger people who need loans? Your refusal to pay will hurt future generations by making their loans more expensive or just impossible to get.
I know that I’m personally gonna blame this one random person on the Internet for all of our student loan problems. Definitely not gonna blame all the systematic issues.
You could have just made college free for them, but you’ve already proven handily you don’t give a fuck about future generations, only yourself. So your opinion and talking points mean nothing
So why are people not paying back their loans?
Why aren’t the banks paying back their excess reserves payments?
Not sure what that is
The US government gave free money to the banks to hold higher reserves of cash for years.
When are they going to pay that money back?
“Gave free money”, so it wasn’t a loan then?
Sure kid.
🤔
Because it’s a pointless waste of money that’ll stop people from getting anywhere in life.
I am not going to repay mine. If I have to make major purchases in another country, I will. If I have to expatriate to escape the debt, I will. But I am not gonna give them a dime of my money, at least until I’m rich enough that paying off the debt won’t affect me in any meaningful way.
Fuck them.
Why fuck them? I’m out of the loop. Why do you think you shouldn’t have to pay back a loan?
Because I’m not dumb enough to fall for a stupid Rethuglican talking point.
Not sure what that means. Don’t take out a loan if you’re not going to pay it back though
Yeah, doubling down won’t work either.
There is nothing you can say or do to change the truth behind what I said or convince me to adopt your way of thinking on the matter. I will not pay student loan debt and that’s final.
I’m not sure what you said or what truth you are talking about
I find this interesting. By all accounts it seems it is unavoidable but to pay it back, so I am really curious how you plan to escape it. College prices are certainly predatory and this whole thing is awful, I just haven’t seen a real solution for those suffering. It seems like the new slavery to me. Is there a viable escape?
In my case it’s a moot point since I am going back to college to finish my degree next year, and student loan payments are paused while you go to school at least half time.
I think the best plan for people is to do all business through LLCs – maybe negotiate as a group with your bosses to have checks sent to an LLC where they are then distributed to individual members. They get taxed that way but oh well. I have no idea if companies would do that.
Failing that, conduct all business in crypto. Band together with a group of people, buy land in a remote place, set up mobile homes or RVs there and escape everything.
Ride out the student loan renegotiation process as long as possible.
Expatriate.
Start businesses and then just refuse to garnish employee wages. Switch assets to different LLCs to avoid the IRS.
Try to apply for poverty based forgiveness – I don’t know if that’s still a thing or not.
Honestly, if millions of people banded together and just refused to pay the loans outright, and went on strike from them, it could cripple the money lenders and force them to the table to negotiate, and hopefully wipe the debt.
All the people here screaming “but they will garnish your wages!!” keep forgetting that it only works that way if there are a few people at a time who can’t pay. The whole thing falls apart if enough people refuse to pay.
What about younger people who need loans? Your refusal to pay will hurt future generations by making their loans more expensive or just impossible to get.
Fuck them too?
I know that I’m personally gonna blame this one random person on the Internet for all of our student loan problems. Definitely not gonna blame all the systematic issues.
You could have just made college free for them, but you’ve already proven handily you don’t give a fuck about future generations, only yourself. So your opinion and talking points mean nothing
Who is “you” here? The previous person asked a question, and you’re blaming them directly. Unless I’m missing a previous comment thread.
Their whole - ass political faction
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