5 ms·
I'd really like to know why this is getting negged. Student loan debt is a massive number, and if significant numbers of people simply stopped paying, it going
by andrew_ 5y ago
I'd really like to know why this is getting negged. Student loan debt is a massive number, and if significant numbers of people simply stopped paying, it going to have a major toll.
- namelessoracle 5y agoStudent loan debt has been in de facto default for awhile now in terms of collecting the interest payments. So we already "know" the impact that would have. It also CANT be defaulted in the sense of extinguishing the debt, because the government will just garnish future wages and earnings, including social security checks.
- andrew_ 5y agoInteresting. I wasn't aware it'd been in a state of default. What's a good resource to get up to speed?