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While we may not see a big burst, it’s possible that a generation of defaulting borrowers will gain steam. As more and more people justify and publicize non-pay
by iambateman 8y ago
While we may not see a big burst, it’s possible that a generation of defaulting borrowers will gain steam. As more and more people justify and publicize non-payment, it may become politically untenable to collect on those loans.
Imagine a collective movement of 9,000,000 all ceasing to pay their student loans at once. If I thought all my friends weren’t planning on repaying, I would be quick to join them. Is the government really going to dig thousands of dollars from the bank accounts of millions of people at once?