this post was submitted on 21 Apr 2025
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United States | News & Politics
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How are they going to collect from people who don't have money or assets?
Huge gift to student borrowers. Just default on your loans and take the hit to your credit.
They can not only garnish your paycheck but also your social security aka retirement money…
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.
Hold up private collections? Sorry I missed that one. Do you have a link on that? I haven’t seen that stated yet
Oh nope, my bad. I didn’t read the article. I guess we’re all fucked.
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…….