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!
gravitywell@sh.itjust.works 2 months ago
I’m saying you can stop paying, Im not saying you won’t still owe them, but I know people who owe tens of thousands in student loans and have not paid them a cent in over ten years, they have a credit score of around 800, its never affected their ability to get any kind of credit or housing.
I think people over estimate how important they are or what kind of consequences there are for not paying as if it ruins your credit score forever or something.
takenaps@lemmy.world 2 months ago
You may have missed this link someone else posted, but if you stop paying, your employer may be required to withhold some of your wages to make the payments
studentaid.gov/…/what-is-wage-garnishment
gravitywell@sh.itjust.works 2 months ago
Okay but what I’m saying is, why take a second job? Why not just make a single minimum payment every 270 days to avoid them moving to the next steps? There are just so many other options besides working a second job to pay them, and so many delay tactics you could employ to avoid getting to the point of garnished wages.
interrobang@lemmy.blahaj.zone 2 months ago
You’re right. Im late 30s, took out tons of loans at 17yo, and my dad swindled me out of anything that didnt go directly to tuition.
I stopped paying a decade ago, keep waiting for my checks to be garnished, but hasn’t happened yet.
I don’t use credit, im financially not an adult in many ways, but i kept waaaaay more of my money than anyone else i know.