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
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
gravitywell@sh.itjust.works 6 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 6 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.
gravitywell@sh.itjust.works 6 months ago
thank you! Ive yet to hear a single story from anyone who’s actually defaulted and had wages garnished for student loans. Sure it can happen but its pretty rare.
Jonnynny@lemm.ee 6 months ago
I’ve had two employees at my work get their wages garnished for defaulting on student loans. It definitely happens.
interrobang@lemmy.blahaj.zone 6 months ago
Same- all threats, don’t know anyone actually being garnished.
When my choice was pay loans or eat, i ate, and i sure af am not going to call someone and offer them money just because it got slightly better a couple years later. Ive never owned a new couch, i am not well off.
If debtors prisons come back, I’m fucked, but until then, frankly, what can they do? I can’t afford a house or kids either way, and i am not throwing away anything on interest that will only grow and stress me out.
I have no idea what i must owe now, over triple my salary, min.
They sold a for-profit bullshit degree.
Fuck em