I was talking to a lady that had somehow gotten into $500,000 of student loans for herself, her ex husband, and their son. And the payments are about to resume.
How do you rack up 500k in loans without telling your prodigy that they better do something with it or else its going to fuck everyone up? Like if they didnt go to become lawyers or surgeons then they essentially self sabotaged their entire family.
What happens if you just say no to them, because you don’t have the money as inflation makes it that you can only afford beans.
They garnish your wages!
Yeah, they’ll get blood from that stone somehow.
Garnish wages, keep your tax return, take social security benefits and destroy your credit rating. They pardon the super rich for basically stealing our tax dollars and yet they will also destroy the financial lives of their citizens who have to make the decision of having the gas to get to work the next morning or having more than sleep for dinner. I’m of half a mind that if they are going to steal my money then they will have to pay to take more of it
You’ll get a harsher punishment for not paying back a loan than some get for stealing LITERAL BILLIONS from people, and not even through tax loopholes, just regular old confidence schemes on a commercial level.
Apply for the SAVE income driven repayment, you could possibly end up with a $0 payment. Plus there is an “on-ramp” for 1 year in which you’ll be accruing interest, but you can not make payments without falling delinquent. Which is only recommended if you expect your financial situation to improve significantly within the next year.
I’m going to mail Nelnet a box of dog shit every month.
don’t forget to add some stanky interest on that principal
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I mean, you willingly signed up for them, so pay them back. No one forced you to do anything. And this is coming from someone who has student loan debt.
I mean, we weren’t forced into it. We were just told we’d be homeless (or some other stand in for poverty) if we didn’t.
Now a lot of people with loans are in poverty because of them. We weren’t forced into them is only technically true.
