Students Are Refusing to Pay Back Their Loans When Payment Pause Ends

[multivita-man]

They will get their wages garnished. It happened to a friend of mine many years ago.

They sure will. The Dept of Ed is like the IRS in this regard. They ain't playin'

 

[LeftofLeft]

This is mirroring the mortgage crisis; people felt entitled to dream houses that they could not afford and they defaulted. Similarly, 18 year olds and their parents feel entitled to elite private colleges to study in fields that have little or no job market.

It’s time for the Taxpayer, the Government, Schools, Parents, and Students to all get smarter about this. It’s time to tighten up with more stringent financial criteria and field of study. Change majors? Better choose one that pays well.

Also, many students may need to “suffer” the path of community college and state university…. Suck it up. I did as did many successful people.

 

[Rogue AI]

They will find out the hard way what happens when they don't.

Democrats will spend the next decade promising forgiveness of said loans for votes. At the end of the day, you can't repo education. The potential penalties simply do not exceed the benefits of not paying.

 

[Ame®icano]

You signed the papers, just like I did, so you can pay it all back just like I did. Those refusing to pay hopefully will see their credit ratings go in the toilet.

MSN

It's funny...

The leftist simpletons believed Joe "The Jelly Bean" Biden when he said he'll have their student loans forgiven.
The were so pumped up to give him their votes, believing they're gonna get out their debt, and their lives are gonna be great, they even increased their spending by taking up more debt. LOL
When it couldn't happen, because Senate voted it down, they blamed Republicans. It's Republicans fault they didn't get their student loans forgiven. LOL
We tried to tell them that it's not gonna work, that Joe don't have authority to forgive, that it's all gimmick to get your votes, and yet, after months or even years of not paying, all of the sudden these gullible lefties are on the hook again. LOL
To add the salt to the wound, the same people that promised you loan forgiveness for your votes are offering loan "restructuring" program. That's so awesome. Now these callow imbeciles are gonna own more and government isn't even forgiving the interest. Awwww... We tried to tell you. LOL

How does it feel to be suckers? I bet they feel as fucked up and disappointed as when Hillary lost.

 

[Ame®icano]

Meh...declare bankrupcy 7 times and then run for President.

And that suppose to be an argument?

How many times he left taxpayers on the hook?

 

[Ame®icano]

Well .. when there is easy access to college loans, you spend $100K + on stupid, meaningless degrees that produce little to any value .. and then face the piper to collect those dues .. yeah ..

Good luck with your credit worthiness.

Yeah, but their social scores are thru the roof!

 

[Ame®icano]

This is mirroring the mortgage crisis; people felt entitled to dream houses that they could not afford and they defaulted. Similarly, 18 year olds and their parents feel entitled to elite private colleges to study in fields that have little or no job market.

It’s time for the Taxpayer, the Government, Schools, Parents, and Students to all get smarter about this. It’s time to tighten up with more stringent financial criteria and field of study. Change majors? Better choose one that pays well.

Also, many students may need to “suffer” the path of community college and state university…. Suck it up. I did as did many successful people.

Biden blue balls American college students/graduates saying he's gonna get rid of their debt. No wonder why they're mad.

Student loans payments start back up in October. 40 million Americans will have to pay on average $350 a month after a ~3 year pause.
They were stupid enough to fall for empty promises, since lack of mental capacity to realize that they’ve been duped.
And they'll still vote for him or anyone else who promise them more gibs. They get what they deserve.

 

[Ame®icano]

Yes, but we tell 18 year-olds that they need to complete 4 or 6+ years of 'higher ed' if they want a decent-paying job. Many companies in this country reinforce this idea when they make college degrees a minimum requirement to apply for many management or associate-level positions.

Obviously, yes, the individual borrower is responsible, but we make it too easy for young, inexperienced people to make bad decisions in this particular case. The schools themselves bear a lot of the blame, marketing their crazy expensive degrees as 'gateways to the middle class'.

Yeah, leftist morons are never at fault. Never, right?

The government forced them to take out the loans on the compromise they would force them to be paid back, right?
This was done to sell the lie that "everyone needs a university degree". Well, it doesn't.

You morons got suckered by the school and the government, not the banks. Now you're their bitch.
All that time you spent in those classes studying liberal arts and transgender poetry, professors were secretly chuckling knowing you'd never be good enough at any job to be able to pay the loans back.

 

[Ame®icano]

Can't forgive student loans with bankruptcy. Why? Because then you'd get a free degree.

So I say if you declare bankruptcy then you forfeit your degree. Deal?

The interest rate for student loans has been 0% for the last 3+ years, yet only 1 out of 5 federal student loan borrowers have bothered making a single payment on their loans during this period and attacking the principle when they had the opportunity.

The problem aren't the student loans or interest rates. It's losers who don't think they should have to pay back money they took like they agreed to.

 

[Ame®icano]

Student loans are immunized against bankruptcy.

Correct. I wouldn't mid if they're all forced to pay it by any means necessary, including wage garnishment.

However... reminder that having a loan means you are engaged in commerce. If you are unable to pay your loan back, you can provide a formal offer of payment of what you do have to settle the debt. No debt is written in stone and if a response or counter-offer to your own is not provided by the third instance, and you make your conditions clear, you can get the debt resolved or try to resolve the way you want to.

If you cannot pay back a loan, you can provide the issuer with an offer of settlement. They don't tell you this because they want to bleed you dry for as long as possible before they sell the loan to a third party. There is no axiom of "the loan MUST be paid in the amount initially agreed upon." The rule of commerce is that you must act honorably. Acting honorably means to settle the debt with the other party, which although presumed, it doesn't necessarily mean paying what was agreed upon initially. This is why they slander so-called "sovereign citizens" and "freemen" because they don't want you to realize that nothing happens in this world unilaterally. It's all commerce and if you don't know you're a party to commerce despite the reality that you are, then you will be taken advantage of (and rightfully so in their eyes, hence why we are called goy; banker Jews inherently know all of this due to the nature of their religion).

 

[Ame®icano]

Diploma Dumbos

Only totalitarian brainwashing would make Americans so stupid that they believe in getting a job just by going four years without a job. Paying for that voluntary unemployment is even more slavish.

Can you imagine at a job interview being told, "We'll give you a white-collar job if you first spend four years here working without pay. In fact, we're even going to make you pay for that privilege" (as if tuition is the only thing to discuss)?

Could you clarify who exactly is a totalitarian who brainwashed kids into believing so?

 

[airplanemechanic]

The interest rate for student loans has been 0% for the last 3+ years, yet only 1 out of 5 federal student loan borrowers have bothered making a single payment on their loans during this period and attacking the principle when they had the opportunity.

The problem aren't the student loans or interest rates. It's losers who don't think they should have to pay back money they took like they agreed to.

Because they probably figured it was better to not pay anything, that way if the loan was forgiven, they didn't lose all those payments.

I wonder how many young people voted for Biden because of the loan forgiveness promise that didn't pan out.

 

[John Edgar Slow Horses]

Correct. I wouldn't mid if they're all forced to pay it by any means necessary, including wage garnishment.

However... reminder that having a loan means you are engaged in commerce. If you are unable to pay your loan back, you can provide a formal offer of payment of what you do have to settle the debt. No debt is written in stone and if a response or counter-offer to your own is not provided by the third instance, and you make your conditions clear, you can get the debt resolved or try to resolve the way you want to.

If you cannot pay back a loan, you can provide the issuer with an offer of settlement. They don't tell you this because they want to bleed you dry for as long as possible before they sell the loan to a third party. There is no axiom of "the loan MUST be paid in the amount initially agreed upon." The rule of commerce is that you must act honorably. Acting honorably means to settle the debt with the other party, which although presumed, it doesn't necessarily mean paying what was agreed upon initially. This is why they slander so-called "sovereign citizens" and "freemen" because they don't want you to realize that nothing happens in this world unilaterally. It's all commerce and if you don't know you're a party to commerce despite the reality that you are, then you will be taken advantage of (and rightfully so in their eyes, hence why we are called goy; banker Jews inherently know all of this due to the nature of their religion).

Sounds like a forced foreclosure in real estate, where the owner makes statement to his lien holder.

 

[SassyIrishLass]

Sounds like a forced foreclosure in real estate, where the owner makes statement to his lien holder.

They borrowed it, they pay it back. My husband and I did

 

[John Edgar Slow Horses]

They borrowed it, they pay it back. My husband and I did

Look up "forced foreclosure."

 

[SassyIrishLass]

Look up "forced foreclosure."

Look up failing to repay a signed agreement to repay a debt

 

[John Edgar Slow Horses]

Look up failing to repay a signed agreement to repay a debt

You once again burble about what you don't know.

 

[SassyIrishLass]

You once again burble about what you don't know.

I know if you borrow money you're obligated to pay it back, dumbass

Cripes you're fckn slow

 

[multivita-man]

Yeah, leftist morons are never at fault. Never, right?

The government forced them to take out the loans on the compromise they would force them to be paid back, right?
This was done to sell the lie that "everyone needs a university degree". Well, it doesn't.

You morons got suckered by the school and the government, not the banks. Now you're their bitch.
All that time you spent in those classes studying liberal arts and transgender poetry, professors were secretly chuckling knowing you'd never be good enough at any job to be able to pay the loans back.

I pay my debts and now I probably have more net worth than you, so shut the fuck up, faggot.

 

[airplanemechanic]

They borrowed it, they pay it back. My husband and I did

Paying back what you owe? HOW REPUBLICAN OF YOU