How many of you with student loans are actually repaying them?
Tomorrow not paying back student loans actually means something again. I don't wanna go back to paying again but I'm not sure the ratio of debt strikers to student debt collector mafias is in our favor
I got the disability discharge since they made it easier to do. Now I'm just hoping the US bureaucracy is inept enough to not figure out they're about to kick me off disability and reverse it.
My private loans didn't sue me quick enough where I made it thru the statute of limitations in my state. Meaning if I never contact them, acknowledging the debt by inquiring, it can't be verified and it's done. The government loans tho, I'm boned
Yeah the Federal shit doesn't ever go away, they've become notorious for being one of the few (only?) types of debt that generally can't be cancelled in a bankruptcy. I don't know if you're already aware of them, but try to get one of the income-based repayment plans for the Federal loans. I've been in the 'below average' and 'below poverty' brackets of income for years and have been on $0/month repayments the whole time.
Yeah, I haven't made a payment in over ten years and then I refinanced from an ffelp to a direct to take advantage of whatever they were offering but now it's in limbo because the knew IDR never went through because of whatever supreme court shit is happening.
My partner and I are hoping against hope that we can stop renting in a couple years if we save and please the algorithm so we get a good social credit score. So we are paying ours, we had gotten it down to the amount they were supposed to forgive but see no point ruining our odds of getting out from under the landleech over an expense we can technically afford. Maybe that's cowardly of us.
Nah you gotta do what's best for you two, I'm just trying to get a read of where people are. I don't plan on ever owning a house, so my concern's more with getting my paycheck garnished.
That's a possible result of a civil lawsuit, it usually ends in wage garnishment though. To reach that point roughly means making no payments for many months, followed by a long period of being in default while you and whatever family or friends they have contact info on are harassed endlessly, then the loan servicer filing civil lawsuit against you, then having the judge rule in their favor and ordering wage garnishment (or opening of your banking accounts and listing of personal assets if no employment claimed/found). Unless you've moved into a cabin in the woods, you'll be well aware of this whole process as it happens and it's not quick.
In the U.S. I believe wage garnishment is capped at 25% of earned income. The HR people at the employer get a court order and then start sending whatever % portion of direct deposit off to whoever was listed in the order.
I moved back in with my parents and took on two jobs to pay mine off. I dont believe theyll ever unburden us from our student loans nor do i believe that the us mass will ever be able to do anything about their conditions.
I kinda think life is pointless and i have nothing to look forward too