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Started By
Message
re: Student loan defaults trigger paycheck garnishment starting next month
Posted on 12/23/25 at 4:13 pm to AwgustaDawg
Posted on 12/23/25 at 4:13 pm to AwgustaDawg
quote:I went into default on my student loans and made huge sacrifices to get out of default, get ahead, and pay them all off.
Left, right or center anyone who is OK with the state having unlimited power to collect these debts has no right to complain when the state exerts its almost limitless power against them in other ways.
Suck it up, crybaby - you signed your name on the papers, quit bitching. I have zero sympathy.
I should also add that I'm in favor of reforming the entire system to get the federal government OUT of issuing student loans - if they were to do that then tuition would sink back to where it was when this madness started. Make people go back to the banks instead of everything being guaranteed.
This post was edited on 12/23/25 at 4:19 pm
0
Posted on 12/23/25 at 4:21 pm to stout
This should always be the case.
Garnishment of funds for people who don't repay tuition loans makes complete sense.
Garnishment of funds for people who don't repay tuition loans makes complete sense.
Posted on 12/23/25 at 4:23 pm to ATrillionaire
quote:
Are you being sarcastic? Please say yes.
Sometimes it's more fun to let your gut decide
Posted on 12/23/25 at 4:23 pm to stout
I don't get the people bitching about paying them back. I paid on mine for over a decade. I'll admit that I eventually got a large portion of it forgiven through the public service forgiveness program - I never asked for that or wrote my congressman asking them to do it, but I wasn't going to turn it down if they were offering. But I never complained about paying them (my wife did, lol, though).
Anyway, no idea why 1) the left makes this issue the hill they want to die on; and 2) why these sonsabitches haven't been paying, I mean the economy has been on high since 2021/22 - so much so that 2x4s were up to $6/ea.
Anyway, no idea why 1) the left makes this issue the hill they want to die on; and 2) why these sonsabitches haven't been paying, I mean the economy has been on high since 2021/22 - so much so that 2x4s were up to $6/ea.
Posted on 12/23/25 at 4:24 pm to HarryBalzack
quote:
I don't get the people bitching about paying them back. I paid on mine for over a decade. I'll admit that I eventually got a large portion of it forgiven through the public service forgiveness program
Posted on 12/23/25 at 4:28 pm to yellowfin
quote:
And the price of college would free fall
Nope
Plenty of colleges would shut down.
Those that remain would charge high tuition and only the wealthy would attend.
Posted on 12/23/25 at 4:29 pm to JohnnyKilroy
quote:I get that, but I paid, didn't default, and didn't ask for that. And I'd still be paying otherwise. Just saying - don't understand why they're (borrowers) acting like this is some calamity. They knew the terms when they took out the loans.
This post was edited on 12/23/25 at 4:30 pm
Posted on 12/23/25 at 4:31 pm to LSUFanHouston
quote:These colleges have been drunk off the taxpayers teat for too long. Take SLU for example - they've torn down and rebuilt nearly every building on campus in the last 20 years. They've taken neglected land and built sports facilities, expanded student housing, etc etc all because they know those first year freshmen are coming in with guaranteed loans and TOPS.
Plenty of colleges would shut down.
Turn the valve off and watch them contract back to their levels when the guaranteed loans started.
Posted on 12/23/25 at 4:33 pm to stout
Only took me about 8 years to pay off. Let's just say money was tight after a divorce with kids and yes I did use the deferment several times but I paid them all off.
Posted on 12/23/25 at 4:37 pm to Mingo Was His NameO
quote:Some parts of the BP spill program deserve a seat at that table….
PPP and employee retention credits were two of the biggest scams in the history of this country
Posted on 12/23/25 at 5:03 pm to stout
This will help improve economy
Posted on 12/23/25 at 5:04 pm to Shexter
quote:How so?
pay decreasing
Posted on 12/23/25 at 5:42 pm to stout
A huge number of lower level medical workers will quit two weeks thereafter.
Posted on 12/23/25 at 5:48 pm to stout
It's the way it should be, but this isn't going to go well. We'll be back under Democrat control in 2026, not that the Republicans have done anything with the having the majority so far.
This post was edited on 12/23/25 at 5:51 pm
Posted on 12/23/25 at 5:53 pm to AwgustaDawg
Zero surprise you hold the opinion of no accountability
Posted on 12/23/25 at 5:58 pm to stout
While part of me points and laughs, what will that do to the economy? I’m seriously asking. As I told my nephew today, join the reserves and (he wants to be a lineman) go to selcat. You will have more money and retirement than most college graduates with BS degrees praying for a job in their field.
Posted on 12/23/25 at 6:00 pm to TigerintheNO
Good. It’s about time. Maybe inflation will ease up when these deadbeats can’t buy Starbucks and $40 Stanley cups because they have to pay back student loans.
Posted on 12/23/25 at 6:02 pm to stout
10 years to pay off mine. Pay up what you borrowed.
Posted on 12/23/25 at 6:04 pm to AwgustaDawg
quote:
A lender who lends massive amounts of money to a borrower with no job history and no credit history would only do so knowing they could rely on the power of the state to collect that debt
You realize private lenders don’t make student loans? Student loans are 100% tax dollars. If the students don’t repay the state, you eventually pay for it.
Posted on 12/23/25 at 6:24 pm to LSU1SLU
quote:
My point exactly. You are a fricking idiot trying to compare todays world. When you were in college, the average vehicle not was under $400. It is now up to 750. Thanks for proving points you frickstick.
Just like those student loans, not one person has ever made you buy a car that cost 750 a month. You need to learn how to budget better
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