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return2ozma@lemmy.world to News@lemmy.world · 2 years ago

Student loan borrowers skip payments: It's "an act of civil disobedience", 1 in 10 say they won't pay

www.newsweek.com

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Student loan borrowers skip payments: It's "an act of civil disobedience", 1 in 10 say they won't pay

www.newsweek.com

return2ozma@lemmy.world to News@lemmy.world · 2 years ago
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Student loan borrowers skip payments: It's "an act of civil disobedience"
www.newsweek.com
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As national student loan debt lies at 1.75 trillion, one in 10 borrowers said they won't be paying off their loans as a matter of principle.
  • SzethFriendOfNimi@lemmy.world
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    2 years ago

    And they’re not eligible for bankruptcy relief either

    Correction: You can but it’s hard. It’s a little easier under this administration though

    https://www.cnn.com/2022/11/17/politics/student-loan-debt-bankruptcy/index.html

    • Cogency@lemmy.world
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      2 years ago

      As far as I know indentured servitude is illegal in this country already, I’m pretty sure that’s reason enough not to pay.

      They are conscientious objectors in that sense and I’m cheering them on.

      • SzethFriendOfNimi@lemmy.world
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        2 years ago

        Except, if don’t pay they don’t even need to sue to get a default judgment and garnish your wages.

        https://www.nolo.com/legal-encyclopedia/can-my-student-loan-creditor-garnish-my-wages.html

        I checked and there is one change. It’s easier to discharge through bankruptcy (although not simple by any means) under the current administration although without congressional change it’s still an uphill battle there too.

        https://www.cnn.com/2022/11/17/politics/student-loan-debt-bankruptcy/index.html

        • Cogency@lemmy.world
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          2 years ago

          I am applauding the act of resistence, I don’t think the fact that garnishing wages is a consequence should dissuade those from trying to take a part in resisting. It doesn’t make the debt culture we saddle our children with, for a chance at survival, any less immoral. Any resistence in such a culture is therefore a moral obligation.

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