Not very effective when they can just garnish your wages, your taxes, and your social security. I’m fully on the side that believes student loans desperately need reform, and Biden’s forgiveness plan getting shot down has definitely negatively impacted my life, but I’m not dealing with ruined credit and the stress that not paying causes when I know they’ll find a way to get their money unless I basically throw away my career to work cash jobs. That would impact my life way worse in the long run.