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> the next generation of graduates could default on their loans I always thought student loans COULDN'T go into default. If they just don't pay, the taxpayers
by csense 8y ago
> the next generation of graduates could default on their loans
I always thought student loans COULDN'T go into default.
If they just don't pay, the taxpayers will make the loss good. And the government's able to come after your income and assets for the rest of your life, regardless of bankruptcy.
Do I not understand how student loans work?
- dlp211 8y agoThey can go into default, they can't be discharged in bankruptcy. Default just means not being paid in full and on time.
- dragonwriter 8y ago> They can go into default, they can't be discharged in bankruptcy. Yes, they can, there is just a higher bar than other unsecured debt to do so.