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.
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?
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.
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.
🤔
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Why fuck them? I’m out of the loop. Why do you think you shouldn’t have to pay back a loan?
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Not sure what that means. Don’t take out a loan if you’re not going to pay it back though
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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?
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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.
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Who is “you” here? The previous person asked a question, and you’re blaming them directly. Unless I’m missing a previous comment thread.
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Dumbass bootlickers