I, like many and hopefully some of y’all, stopped paying my student loans during Covid and never restarted paying because we’re supposed to have gotten relief from this debt that should’ve never existed in the first place. Now we have Trump coming back which kills the possibility of debt relief. So should I start repaying so I don’t get my wages garnished? Or do we think the government is going to be too inefficient to come after it?
Edit: At one point when I heard that it was the only way to get forgiveness, I moved all my debt from a third party to being a government loan. Does that change anything?
It continues to gather interest. If you don’t pay it down, you will have a larger loan in the future.
Pay your debt.
I cant afford it either way. Before the pandemic there was more student loan debt in the US than credit card debt. It’s the 2008 housing bubble all over again, only this time there aren’t even millions of worthless homes to compensate lenders.
Why cant you afford it? Didn’t you think about how you were going to pay it back when you signed the papers agreeing that you would pay it back?
You can fuck right off with that bullshit. An 18 year old pressured into signing a predatory loan does not have the capacity to understand the bullshit they are in for.
Why do you blame the consumer instead of the scam loan company?
I mean, I always understand the fact that if you borrow money you have to pay it back. With interest. pretty simple concept learned in like 6th grade.
Which is entirely seperate from having a grasp on how much money it is you’re borrowing and how hard it will be to pay back
How? I mean I hear 60k and think man that’s alot