I think this is an example of what people say in surveys being drastically different than what they'll do in reality.
Today's phrase is "garnish your wages." If their protest doesn't involve moving to another country it's not going to happen. I've thought about it too, but my contingency,for that definitely involves moving to Scandinavia.
Ah bullshit. Civil rights weren't achieved by threatening to leave and not be the oppressor's problem anymore, they were achieved by standing ones ground damned the consequences. No one wants to be a martyr, but that's how battles are unfortunately won, especially against today's brand of fascists.
More of this. It's time for mass protests instead of complaining and then working a 9 to 5 and browsing Instagram.
The US government: let's enable the economy to get to the point where it's basically impossible for young people to even participate in society.
Also the US government: damn, why do people keep going on suicidal mass shootings? If only there was anything we could do about it.
Exactly
Is it really a boycott if you simply can't make the payments?
Not that I mind.
I'm just confused as to why it's all fine and dandy that PPP loans were all forgiven regardless of the corrupt practices used for disbursement, but student loans, which impact the economy as a whole far more than PPP ever will, is a must repay.
A lot of wealthy people benefited from PPP loans including House and Senate members, that's why.
Because Republicans will fight so that the rich can get richer by getting handed free money, and Republican will fight so that the working class has to pay back every cent.
Wouldn't our wages just get garnished or shit repo'd or something? I'm 100% for forgiveness cuz fuck that predatory shit, but this route seems like a guarantee to just exacerbate harm to the borrowers.
Nothing will be repoed. They may garnish your wages but at the end of the day, there is no collateral.
Garnished wages is still a huge problem.
Student loans are not forgiven in bankruptcy.
The federal government will garnish borrowers wages until they are paid, even if the borrower is bankrupt.
They look at your wages and expenses. I knew a dentist who got garnished 10 dollars a month. That’s all he could afford.
You can’t take blood from a turnip
"And with enough evaders,
Escaping from the game,
The rule becomes an empty shell
That rules in only name..."
I'm considering not paying as long as they're doing the "ease you back into it" stuff like not reporting to credit agencies or garnishing wages. Seems essentially like a forbearance without the interest freeze. It really just depends on what my new payments end up being. But until that dog gets its teeth back, Nelnet can have what's left after I pay my actual bills and buy my weed.
Boycotting only works when there is a noticeable financial hit to the producer. The federal government is not going to notice this. This can be good for campaigning though. Tell people that the reason they are not getting some forgiveness is because Republicans are doing everything they can to block it. Send out some flyers to everyone who has a federal student loan with a list of every Republican official who has had a PPP loan forgiven.
Not from America so please someone explain to me, I read Biden wanted to forgive student loans but somehow it didn't get through. Sure it would be much better if the loan is forgiven, but now it is not, shouldn't you still pay back what is owned? They really think they can just not pay and expect no consequences?
These loans are out right predatory. I was offered a 12% interest rate 7 years ago and have friends who've been offered 16%!!!
Yes you can say just don't sign it, but we're 17 years old we can't comprehend how much affect a 16% interest rate will have on you in 8 years and you've been told all your life college is the goto life path and you have to do this to get a "good job" and live a good life.
I agree we should payback the money we loaned, but taking advantage of genz via predatory loans for wanting a higher education is downright criminal in itself.
Adding onto this a lot of us will struggle to make these payments. I have 20k in loans and I haven't paid a dime on EVER. Now I suddenly have a second car payment out of nowhere!
Of course everyone involved knows they will face consequences, but they may feel those consequences are better than the payments. Courts can't garnish paychecks that don't exist and a ruined credit rating only matters if you were ever going to be able to afford to buy a house or car in the first place. Afaik actual jail time isn't really a thing for defaulting on a loan. If the only leverage the government has to get people to pay the loan is to threaten their future financial security, then anyone who thinks the initial promises of security is bogus has nothing to lose.
There's also some people who are willing to take the hit just to send a political message.
That said, I suspect nowhere near 62% of borrowers will actually meaningfully boycott in any way.
Debtor's prisons are actually unconstitutional so they could never jail you for refusing to pay any loan.
Sounds like a good way to have your wages garnished.
So don’t pay and make them work for it.
With the labor shortage right now it would be expensive for loan collectors to hire enough workers to track down and force payments if people stop paying on a large scale.
Only for government-issued loans, I believe. Private loans won't go into auto-garnishing unless you agree to it.
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