And the kicker is that in the 10 years that I have paid, my principal balance has not decreased at all.
Oh, and the real treat? Since the Federal injunction, I can’t recertify my repayment information, which means I lost all progress towards loan forgiveness.
They will garnish any wages that they can. Not to mention the late fees that are added to your principal (and interest is charged) each month you don’t pay.
As I understand things from my own reading, Student Loans typically can’t be discharged with bankruptcy, and they start garnishing your wages eventually if you don’t pay voluntarily.
Short of keeping all your money in cash and living off the grid in a hovel not worth the trouble for the bank to foreclose on, I think I’m pretty much fucked.
You can’t “not pay”, but a million people can “not pay”. You all need to get organised. These student loans are ridiculous, debilitating, crippling maybe even killing.
299.56% for me.
And the kicker is that in the 10 years that I have paid, my principal balance has not decreased at all.
Oh, and the real treat? Since the Federal injunction, I can’t recertify my repayment information, which means I lost all progress towards loan forgiveness.
I am fucking livid.
When the game is that tilted against you, when do you just stop playing? You’re literally getting nowhere playing by the rules.
I wonder how that plays out though. What’s the punishment for non-payment?
They will garnish any wages that they can. Not to mention the late fees that are added to your principal (and interest is charged) each month you don’t pay.
As I understand things from my own reading, Student Loans typically can’t be discharged with bankruptcy, and they start garnishing your wages eventually if you don’t pay voluntarily.
Short of keeping all your money in cash and living off the grid in a hovel not worth the trouble for the bank to foreclose on, I think I’m pretty much fucked.
You can’t “not pay”, but a million people can “not pay”. You all need to get organised. These student loans are ridiculous, debilitating, crippling maybe even killing.
They will almost certainly change the rules once the injunction finalizes. Call your representative and tell them what’s going on.
Good thought, and I absolutely have.