62% of Student Loan Borrowers Say They're Likely to Boycott Repayments: Poll
www.commondreams.org
As resumption of educational debt repayment looms, more than 7 in 10 borrowers say they are taking on extra work, while half say they don't know whether they'll be able to make payments come October.
  • Neuromancer@lemm.ee
    132·
    1 year ago

    Nothing will be repoed. They may garnish your wages but at the end of the day, there is no collateral.

    • cbarrick@lemmy.world
      3·
      1 year ago

      Garnished wages is still a huge problem.

      Student loans are not forgiven in bankruptcy.

      The federal government will garnish borrowers wages until they are paid, even if the borrower is bankrupt.

      • Neuromancer@lemm.ee
        22·
        1 year ago

        They look at your wages and expenses. I knew a dentist who got garnished 10 dollars a month. That’s all he could afford.

        You can’t take blood from a turnip