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Political Discussion
Reply to "involuntary collections of student loans"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are headed back to debtors prison when they deduct it from your pay and people end up on the street. [/quote] Income based repayment plans are universally available and have been common for years in the student loan world. If a young professional makes 40k annually and therefore the $1,500 monthly installment payment on their 200k student loan balance isn't affordable, all they have to do is contact the loan servicer and document the need for a modified income based minimum payment. Canceling debt is never a wise long term solution. Ii [/quote] Any yet big banks were all bailed out in the 2008 recession. Corporations were forgiven those PPP loans but the average person who likely needs the help rather than multi-billion greedy industries ... sure let's tell then to eat cake. [/quote]
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