this post was submitted on 01 May 2024
380 points (96.8% liked)
A Boring Dystopia
9795 readers
664 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
I thought one of the big problems with America's student debt was that you can't effectively default on it? That it will still persist even after filing for bankruptcy for example?
By default I just mean stop paying. You can't get rid of the debt by bankruptcy or anything, you still owe it, but it also doesn't affect peoples credit score as much as many seem to think it does.
They can garnish your wages