• Gravitywell
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      8 months ago

      Okay but what I’m saying is, why work extra hard and take a second job? Why not just make a single minimum payment every 270 days to avoid them moving to the next steps? There are just so many other options besides working a second job to pay them, and so many delay tactics you could employ to avoid getting to the point of garnished wages.

      • @[email protected]
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        08 months ago

        You’re right. Im late 30s, took out tons of loans at 17yo, and my dad swindled me out of anything that didnt go directly to tuition.

        I stopped paying a decade ago, keep waiting for my checks to be garnished, but hasn’t happened yet.

        I don’t use credit, im financially not an adult in many ways, but i kept waaaaay more of my money than anyone else i know.

        • Gravitywell
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          08 months ago

          thank you! Ive yet to hear a single story from anyone who’s actually defaulted and had wages garnished for student loans. Sure it can happen but its pretty rare.

          • Jorn
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            8 months ago

            I’ve had two employees at my work get their wages garnished for defaulting on student loans. It definitely happens.

            Edit: One of the guys told me flat out that he will never willingly give a cent towards his student loans ever again. The other guy was going through some financial hardship after leaving here and we got a notice to garnish but he was no longer employed with us so we just had to respond back to the notice.

          • @[email protected]
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            08 months ago

            Same- all threats, don’t know anyone actually being garnished.

            When my choice was pay loans or eat, i ate, and i sure af am not going to call someone and offer them money just because it got slightly better a couple years later. Ive never owned a new couch, i am not well off.

            If debtors prisons come back, I’m fucked, but until then, frankly, what can they do? I can’t afford a house or kids either way, and i am not throwing away anything on interest that will only grow and stress me out.

            I have no idea what i must owe now, over triple my salary, min.

            They sold a for-profit bullshit degree.

            Fuck em