I, like many and hopefully some of y’all, stopped paying my student loans during Covid and never restarted paying because we’re supposed to have gotten relief from this debt that should’ve never existed in the first place. Now we have Trump coming back which kills the possibility of debt relief. So should I start repaying so I don’t get my wages garnished? Or do we think the government is going to be too inefficient to come after it?
Edit: At one point when I heard that it was the only way to get forgiveness, I moved all my debt from a third party to being a government loan. Does that change anything?
The more people who don’t pay the harder it’d be for them to enforce it. How does accepting the situation now help me change the situation for the future?
By keeping the bank from bankrupting you and garnishing your wages. The bank will happily take money from your accounts without your consent when the government comes asking for it. They will also take money from any accounts you may be cosigned on (my parents got so late on bills that the bank drained my account when I was a minor living with them, and there is no legal recourse for this).
Pretty hard to effect change when you can’t buy food because the government came by and took all your money out from under you.
Look. You’ve been provided advice towards what options are available to you. If you choose not to take that advice and to make this the hill you choose to die on, the government and the bank won’t hesitate to assist you with the choice to ruin your life over this.
Feel free to debate philosophy with the bank and the government. I’m out.