this post was submitted on 18 Mar 2025
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[–] OutlierBlue@lemmy.ca 18 points 11 months ago (1 children)

When the game is that tilted against you, when do you just stop playing? You're literally getting nowhere playing by the rules.

[–] frunch@lemmy.world 7 points 11 months ago (2 children)

I wonder how that plays out though. What's the punishment for non-payment?

[–] Confused_Emus@lemmy.dbzer0.com 18 points 11 months ago (1 children)

As I understand things from my own reading, Student Loans typically can’t be discharged with bankruptcy, and they start garnishing your wages eventually if you don’t pay voluntarily.

Short of keeping all your money in cash and living off the grid in a hovel not worth the trouble for the bank to foreclose on, I think I’m pretty much fucked.

[–] abbadon420@lemm.ee 5 points 11 months ago (1 children)

You can't "not pay", but a million people can "not pay". You all need to get organised. These student loans are ridiculous, debilitating, crippling maybe even killing.

[–] fossilesque@lemmy.dbzer0.com 2 points 11 months ago* (last edited 11 months ago)

It is killing people. It's social murder.

[–] Adulated_Aspersion@lemmy.world 2 points 11 months ago

They will garnish any wages that they can. Not to mention the late fees that are added to your principal (and interest is charged) each month you don't pay.