My private loans didn't sue me quick enough where I made it thru the statute of limitations in my state. Meaning if I never contact them, acknowledging the debt by inquiring, it can't be verified and it's done. The government loans tho, I'm boned
this post was submitted on 01 Oct 2024
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askchapo
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Yeah the Federal shit doesn't ever go away, they've become notorious for being one of the few (only?) types of debt that generally can't be cancelled in a bankruptcy. I don't know if you're already aware of them, but try to get one of the income-based repayment plans for the Federal loans. I've been in the 'below average' and 'below poverty' brackets of income for years and have been on $0/month repayments the whole time.
joe biden changed the bankruptcy laws to exclude student loans.
Have 3 associates related to culinary industry. 4 years at it. Have not paid the loans nor do I even work in a culinary field. I’m a fucking plumber.
They ain’t getting shit from me.
i ain't paying shit they're gonna have to spend money coming after my wages
Strike Debt freely distributes the Debt Resistance Operations Manual with specific chapters devoted to different debt products and their counters. Chapter 4 is all about Student Loans.
Also there's SLABS: Student Loan Asset-Backed Securies. Fuck this system.
the creditors can’t repossess your degree or your brain—or at least not yet!
My partner and I are hoping against hope that we can stop renting in a couple years if we save and please the algorithm so we get a good social credit score. So we are paying ours, we had gotten it down to the amount they were supposed to forgive but see no point ruining our odds of getting out from under the landleech over an expense we can technically afford. Maybe that's cowardly of us.
Nah you gotta do what's best for you two, I'm just trying to get a read of where people are. I don't plan on ever owning a house, so my concern's more with getting my paycheck garnished.
Disabled chapos can get a doctor to help them fill out a TPD Discharge form and try to get the loan discharged.
I'm in forebearance waiting for my IDR stuff to get settled.
I rode that train for years and now have the income based repayment and I pay zero. they don't verify how much you make.
Yeah, I haven't made a payment in over ten years and then I refinanced from an ffelp to a direct to take advantage of whatever they were offering but now it's in limbo because the knew IDR never went through because of whatever supreme court shit is happening.
do they take money from your bank accounts as soon as the paychecks come in? is there some delay?
you have to pay through your loan servicer. you can use this link to figure out who ur servicer is. if it’s a federal loan, it’s probably nelnet.
you have the option to not pay until they eventually garnish ur wages (take money out of ur paycheck to pay the loan)
No idea
That's a possible result of a civil lawsuit, it usually ends in wage garnishment though. To reach that point roughly means making no payments for many months, followed by a long period of being in default while you and whatever family or friends they have contact info on are harassed endlessly, then the loan servicer filing civil lawsuit against you, then having the judge rule in their favor and ordering wage garnishment (or opening of your banking accounts and listing of personal assets if no employment claimed/found). Unless you've moved into a cabin in the woods, you'll be well aware of this whole process as it happens and it's not quick.
In the U.S. I believe wage garnishment is capped at 25% of earned income. The HR people at the employer get a court order and then start sending whatever % portion of direct deposit off to whoever was listed in the order.
I moved back in with my parents and took on two jobs to pay mine off. I dont believe theyll ever unburden us from our student loans nor do i believe that the us mass will ever be able to do anything about their conditions.
I kinda think life is pointless and i have nothing to look forward too
Take out student loans and use the money to flee the country 
I’m fortunate enough that I was able to finish paying them off during the freeze.
I paid mine off years ago, but I hardly had any.
My sister has like 70k worth, and she's somehow not paid them for two decades
I got the disability discharge since they made it easier to do. Now I'm just hoping the US bureaucracy is inept enough to not figure out they're about to kick me off disability and reverse it.
I'm not going to pay it anyway, though
Can't hold down a job so donno how they expect me to pay them off. $70k deep.
I’ve been on that new income based one (Save plan? Is that what it’s called?) and since until recently I made $32,000 a year and now am ✨unemployed✨ my payments have been $0 the whole time
No, I think my wages have been garnished an amount though
I do and no. hahaha.
My partner isn't and it stresses me out a bit, but I'm sure it'll be fine