this post was submitted on 01 May 2024
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A Boring Dystopia
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I will never understand why people work so hard to pay off student loans..If you've been paying off a loan for years and the balance just keeps going UP, the sensible thing to do is default on the loan, accept the consequences of that (which is minimal with student loans) and move on with your life
Edit: everyone saying they will garnish your wages, this is not something that is common, its fear mongering. If anyone has personal antidotes about having their wages garnished I'd love to know how long that process took and what it was like but I doubt we will see any.
You can't do this with student loan debt which seems incredibly dumb. I also don't understand borrowing 100k for school.
You're thinking of bankruptcy, you can absolutely stop paying student loans, you'll still owe them but they can't force you to pay them.
They sure as fucking hell can garnish your wages.
I’d love a little extra on top of my wages. I just hope it’s not parsley.
https://studentaid.gov/help-center/answers/article/what-is-wage-garnishment
You might try reading up on it (or the link someone posted) as you've got it wrong. That's why this has been such a huge issue, they are unlike other loans.