I’m sorry but I saw this coming when repayment was paused and then a ton of people said “I’m just never going to pay, what are they going to do?”
Obviously they will garnish wages. It’s like saying the sky is blue. No shit Sherlock.
Keep paying until you have a note in hand saying there is no debt (either until you’ve paid or the government has said the debt is 100% forgiven) . Just because one administration says we are working to take care of your debt means nothing. The next administration might reverse that. So keep paying until you have a legal document in hand saying the debt is forgiven/has fully been payed.
So you’re saying it’s better to not pay then find out the government is going back on what they said they’d do and now your wages are garnished?
No it’s better to pay or at a minimum put the money into a bank account and at least have the money ready to pay if the the shit hits the fan , at least you can pay if needed.
They aren’t paying because they don’t have the money, because the economy is terrible, and the jobs they were promised after going deep into debt for their education turned out to not exist, or are being replaced by AI. They don’t have the money to put into a bank account to pay later.
You’re lucky you can afford options for payment so that you can fantasize about alternatives. Most who aren’t paying don’t have options or alternatives, they just simply don’t have the money. Your solution amounts to “let them eat cake.”
Except for I remember back when the student loans repayments were paused, I remember multiple people openly saying I’m just not going to pay anymore. Not I can’t afford to pay, but rather they just weren’t going to pay. There’s a huge difference.
Your anecdotal evidence is not evidence of a nationwide trend, unless you just want to demonize an entire segment of people for willfully avoiding their financial obligations, instead of acknowledging that they simply can’t afford it in an economy that has been deliberately configured to make it impossible for them to succeed.
just pay the absolute legal minimun (like…50-100$/month, iirc?), then when/if a sane government comes in wanting an easy W they’ll write off all those not completely ignoring payment.
That’s another option. But it a bare minimum at least put the money away into a bank account they should be paying. That way if you get an insane government coming in and saying pay it all at least you can. But straight not paying and also not put the money away is insane.
I’m sorry but I saw this coming when repayment was paused and then a ton of people said “I’m just never going to pay, what are they going to do?”
Obviously they will garnish wages. It’s like saying the sky is blue. No shit Sherlock.
Keep paying until you have a note in hand saying there is no debt (either until you’ve paid or the government has said the debt is 100% forgiven) . Just because one administration says we are working to take care of your debt means nothing. The next administration might reverse that. So keep paying until you have a legal document in hand saying the debt is forgiven/has fully been payed.
“Just do what you’re told” is seldom the solution to a major problem.
So you’re saying it’s better to not pay then find out the government is going back on what they said they’d do and now your wages are garnished?
No it’s better to pay or at a minimum put the money into a bank account and at least have the money ready to pay if the the shit hits the fan , at least you can pay if needed.
They aren’t paying because they don’t have the money, because the economy is terrible, and the jobs they were promised after going deep into debt for their education turned out to not exist, or are being replaced by AI. They don’t have the money to put into a bank account to pay later.
You’re lucky you can afford options for payment so that you can fantasize about alternatives. Most who aren’t paying don’t have options or alternatives, they just simply don’t have the money. Your solution amounts to “let them eat cake.”
Except for I remember back when the student loans repayments were paused, I remember multiple people openly saying I’m just not going to pay anymore. Not I can’t afford to pay, but rather they just weren’t going to pay. There’s a huge difference.
“I remember multiple people…”
Your anecdotal evidence is not evidence of a nationwide trend, unless you just want to demonize an entire segment of people for willfully avoiding their financial obligations, instead of acknowledging that they simply can’t afford it in an economy that has been deliberately configured to make it impossible for them to succeed.
just pay the absolute legal minimun (like…50-100$/month, iirc?), then when/if a sane government comes in wanting an easy W they’ll write off all those not completely ignoring payment.
That’s another option. But it a bare minimum at least put the money away into a bank account they should be paying. That way if you get an insane government coming in and saying pay it all at least you can. But straight not paying and also not put the money away is insane.