You can’t escape student loan debt by default, bankruptcy, etc.
The best thing you can do is sign up for IBR and accept that 5% of your income is lost for 20 years, and hope that whoever is president at that time isn’t a sadist cunt. Also try to save some extra money for possible income tax on the forgiven amount.
That’s assuming your loans are subsidized. If they’re private, try delivering for DoorDash on the side!
kungen@feddit.nu 6 months ago
I thought one of the big problems with America’s student debt was that you can’t effectively default on it? That it will still persist even after filing for bankruptcy for example?
Fredselfish@lemmy.world 6 months ago
And guess who is president and responsible for that?
Dkarma@lemmy.world 6 months ago
Not how it works you utter fucking moron
fishpen0@lemmy.world 6 months ago
Joe Biden wrote and voted to pass the very bill that makes student loans immune to bankruptcy as part of BAPCPA back in the 2005 when he was a senator.
Learn the voting and bill submission history of your politicians you utter fuckng moron
gravitywell@sh.itjust.works 6 months ago
By default I just mean stop paying. You can’t get rid of the debt by bankruptcy or anything, but it also doesn’t affect peoples credit score as much as many seem to think it does.
Soulg@sh.itjust.works 6 months ago
They can garnish your wages