return2ozma@lemmy.world to News@lemmy.world · 1 year ago62% of Student Loan Borrowers Say They're Likely to Boycott Repaymentswww.commondreams.orgexternal-linkmessage-square147fedilinkarrow-up1430arrow-down124cross-posted to: workreform@lemmy.world
arrow-up1406arrow-down1external-link62% of Student Loan Borrowers Say They're Likely to Boycott Repaymentswww.commondreams.orgreturn2ozma@lemmy.world to News@lemmy.world · 1 year agomessage-square147fedilinkcross-posted to: workreform@lemmy.world
minus-squareTheWoozy@lemmy.worldlinkfedilinkarrow-up1arrow-down2·1 year agoYour income is the collateral. The banks will take it.
minus-squareRiyria@sopuli.xyzlinkfedilinkarrow-up3·1 year agoNo, your income isn’t collateral. Garnishment is sought because there is no collateral to claim. Collateral is explicitly put up to guarantee a loan.
Your income is the collateral. The banks will take it.
No, your income isn’t collateral. Garnishment is sought because there is no collateral to claim. Collateral is explicitly put up to guarantee a loan.