Student Loan Debt In The US Is So High That Many Aren't Even Paying It

[signalmankenneth]

You know if you take social security and still owe on a student loan, they will garnish part of your social security to pay for that student loan?!!

https://www.yahoo.com/news/student-loan-debt-us-high-143002996.html

 

[evince]

more raping of the youth by the right wing ideas

 

[PostmodernProphet]

why don't lib'rul students pay their bills?......

 

[Text Drivers are Killers]

Sure - everybody smells a bailout so they say they can't pay even though they can.

 

[Text Drivers are Killers]

Attn all white college kids. Your tuition is so high because blacks who got 350 on the Math SAT got a everything-paid scholarship.

 

[tsuke]

more raping of the youth by the right wing ideas

which side was it that we insisted give student loans to whoever no matter their qualification?

Is this similar to the people who said we should let more minorities buy homes even if they dont have the income to support it?

 

[cawacko]

more raping of the youth by the right wing ideas

It's a right wing idea to increase gov't involvement in student loans? Since when?

 

[Micawber]

Pay your debts. Sooner the better. I'm not sure why they can't leave it to the lender to make a business decision to SIF the accounts like any bank card or other retail account. Sue the accounts, eyeball the CBR and if there is a job or open account, garnish it.
Otherwise just make a deal with the debtor to pay 80%, waive future interest and move on. There should be an SOL on the accounts like 6 years from default. I see not reason why it cannot be handled like any other consumer debt. As to BK, I'd say they should be allowed to discharge all interest over 3% but have to pay principle and I up to that sum. If the debtor is judgment proof, so be it. Move on.