I was pre-covid, but rn I can’t conceive of a world where I’m actually about to cut these vampires a check

  • SkeletorJesus [he/him]@hexbear.net
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    1 year ago

    How do you even default on a student loan without becoming a dependent? I was under the impression they could take it directly out of your paycheck and it couldn’t be dismissed as part of bankruptcy.

      • the_itsb [she/her, comrade/them]@hexbear.net
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        1 year ago

        It’s not that they don’t do it because it takes effort, it’s just a long process for them to get there. I have personally known someone whose paychecks were being garnished because they defaulted on 5-figure student loan debt, but he said that he ignored calls and letters for years and then ignored months (maybe even a year plus?) of court summonses to get to that point.

        I was helping his wife fill out IBR paperwork and offered to help him with his and found out he had to be in this forced repayment for some period - couple years? idk this was ~10 years ago - before he could even apply for anything like that.

        It’s an evil trap, and they really will come destroy your financial life.