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Student loans in default to be referred to debt collection, Education Department says (apnews.com)

submitted 4 days ago by [email protected] to c/[email protected]

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[–] blarth 2 points 4 days ago (1 children)

Huge gift to student borrowers. Just default on your loans and take the hit to your credit.

[–] [email protected] 4 points 4 days ago (1 children)

They can not only garnish your paycheck but also your social security aka retirement money…

[–] blarth 1 points 4 days ago (2 children)

They could if they weren’t selling the debt to collection agencies. That’s the hack. Take the hit to your credit, maybe a civil suit to get a little out of you, but don’t bother paying the collection agency. Just refuse to talk to them.

[–] [email protected] 1 points 3 days ago (1 children)

Hold up private collections? Sorry I missed that one. Do you have a link on that? I haven’t seen that stated yet

[–] blarth 2 points 3 days ago (1 children)

Oh nope, my bad. I didn’t read the article. I guess we’re all fucked.

[–] [email protected] 1 points 3 days ago

With the amount of fucking stupid going on you never know anymore lol. I mean only 38% of people are current on their federal loans apparently so it’ll be fine…….