It's a 'massive student debt strike' activist says, as millions of borrowers still aren't making payments
It's a 'massive student debt strike' activist says, as millions of borrowers still aren't making payments
Just 60% of student loan borrowers made a payment when the bills resumed in October. "This is, in essence, a massive student debt strike," one activist said.
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Wait don’t do that. They garnish wages for student debt. They’re happy to do it, too, as they get to keep a big chunk of extra fees that way.
While agree that not paying you are just sinking youself deeper especially since you can’t declare bankruptcy and get rid of the debt. The Biden administration put an on-ramp period in place so that it would reduce any penalties for not paying. Repayments start
Time to start working under the table.
This is what happens when the social contract unravels.
Just wait until they bring back debtors prisons to fix the labor shortage
How would removing people from the labor force fix the shortage? Did debtors prisons have you work for companies or something?
The 13th amendment outlaws the practice of slavery, except for prisoners. A possible (legally questionable and morally objectionable) solution is to throw those who can’t pay in prison, then force them into labor as prisoners, and use that labor to pay their debts, after they pay room/board of course, thus ensuring they never escape their bonds
The answer to your questions is slavery with extra steps.
That takes a lot of work and a court order. You can avoid that by making a token payment say of five dollars once a month.