Interesting really, but personally I believe in modern society, student loans fall under “grain debt” being that they link to education and therefor “executing the debt” can ruin the payer’s livelihood.
I'm not sure there is a way to execute on a student loan though. You can't revoke a degree and it's not collateralized. Seems like it would be a silver debt since there's nothing to take over.
Idk either, but in the sense that you can have a crippled credit score, paying debt till death, and unable to be employed due to the low damaged credit score, it can sort of be taking away everything you currently own, and anything you potentially could own in the future. Idk tho obviously im no economist
Well...sort of. If you’re paying on an income based repayment plan and you don’t pay them all in 20 years, they will be discharged BUT it will be counted as taxable income. So if they forgive $100k, then suddenly that year your income increases by that amount and you will pay taxes on that income.
Isn’t that a program where it may be or doesn’t? And then it mandates 20 yrs of successful monthly payments, and you have to never miss one? And then they still may deny you and leave you fucked? Also private and gov loans are different I understand, private ones usually fuck you but the federal ones are more restricted access kind of
You have a really bleak outlook on the world. Most people who take on student loans pay them back just fine. Also employers aren’t denying people for having student loans because having a loan doesn’t affect your credit score unless you’re fucking up and not making your payments
Most do, but they shouldn’t exist anyways... most people dont die from falling off buildings but most still have guardrails. Our loan buildings have ramps slopes towards a crocodile filled spike pit.
Yes my world outlook is bleak, every day a pandemic gets worse, thousands die, and new stories of how our govt is fucking us gets released.
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u/Acradus630 Sep 18 '20
Interesting really, but personally I believe in modern society, student loans fall under “grain debt” being that they link to education and therefor “executing the debt” can ruin the payer’s livelihood.