62% of Student Loan Borrowers Say They're Likely to Boycott Repayments - eviltoast
    • CADmonkey@lemmy.world
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      1 year ago

      And it starts to be a strain when enough people refuse to pay. If it takes multiple court cases, amd there are a few thousand in a court’s district, it’s going to get where you can’t do anything else because of all the student loan repayment cases.

      • afraid_of_zombies@lemmy.world
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        1 year ago

        Plus the possibility of it going to heck. They screw up somewhere, lose, and it multiples. Everyone who took out a loan in PA in 2006 is now eligible to get it discharged for example.

        What debt collectors and traffic court people don’t want you to know is that as long as you are willing to fight them chances are you will eventually win. And once someone wins a single time it gets established. There was a reason for a while Uber settled everything out of court.

        We are going to see an army of lawyers over the next few years suing the government over this while the US government has to spend more and more to get less and less.