I, like many and hopefully some of y’all, stopped paying my student loans during Covid and never restarted paying because we’re supposed to have gotten relief from this debt that should’ve never existed in the first place. Now we have Trump coming back which kills the possibility of debt relief. So should I start repaying so I don’t get my wages garnished? Or do we think the government is going to be too inefficient to come after it?
Edit: At one point when I heard that it was the only way to get forgiveness, I moved all my debt from a third party to being a government loan. Does that change anything?
There exist loans that are intended to never be paid off. Usually the lender says something like “you don’t have to pay until you graduate!” but they neglect to mention that the interest still accrues for four years, so no matter what you pay it will always be interest only payments.
Combine that with an inability to get a job in your field (lawyers and drs especially) and you have an entire generation that will never have the ability to pay off their loans.
Plus the debt can’t be discharged in bankruptcy so some people can never truly be free from debt.ETA: this is no longer true (thanks Biden!) But still the point remains: College should be free.Your attitude is pretty toxic. I’d suggest you familiarize yourself with the situation before you go victim blaming like that again.