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The pissed off Brown folk that got the same Angry Hateful eduction from Gender bent and mentally confused professors that your stupid white Ass got. And guess what Fucktards?!?! They hate your white ass too, and hell fuck no they ain't giving you one of them there cushy ass $189K a year government do nothing but fuck with the crackers City Jobs.
We are now at $1.4T in school debt with massive default rates.
My expectation is that it will eventually get so high that there will be a bailout/forgiveness and we enter a massive recession.
What I still want to know is this, is anyone out there doing jail time for school loan default? Would we do that in the good ol USA? ?
I wouldn't use that language, but you have a point.
Modern slaves are not in chains, they are in debt.
Do wages get confiscated?
Is anyone in jail for defaulting on their school loan?
.
Do wages get confiscated?
Is anyone in jail for defaulting on their school loan?
I know a guy who when he was in his 50's, never paid back student loans for professional school and college. He had nasty collection agencies calling him day and night, but he just got used to being an expert at evasion, shucking and diving. Eventually, he hired some legal debt collection agency and after the usual machinations, got the debt paid off at a fraction of the original plus legal fees. it wound up being something like 25 percent of what he owed with accumulated interest and penalties.
Do wages get confiscated?
Is anyone in jail for defaulting on their school loan?
?♂️
#1 The student loan debt bubble has now grown to 1.4 trillion dollars.
#2 In 2007, the total amount of student loan debt in the U.S. was just 545 billion dollars.
#3 Over the previous ten years, student loan debt has grown by a staggering 176 percent.
#4 Americans now owe more on their student loans than they do on their credit cards.
#5 In 2003, student loan debt accounted for just 3.3 percent of all household debt. Today, that number has grown to 10.5 percent.
#6 The current student loan 90-day delinquency rate is 11.2 percent.
#7 30 percent of all student loans in the United States are either in “deferment” or “forbearance”. The most common reason a loan is placed into one of those categories is because the borrower cannot pay.
#8 It is being projected that a whopping 40 percent all student loan borrowers will default on their loans by 2023.
#9 From 2007 through 2017, “college tuition costs jumped 63 percent, school housing surged 51 percent and the price of textbooks by 88 percent.”
#10 In 2001, 18.6 percent of all U.S. households led by someone in the 18 to 34 age bracket were carrying household debt. Today, that number has jumped to 44.8 percent.
#11 Each year, more than a million Americans default on their student loans.
https://www.zerohedge.com/news/2018-09-03/11-rage-inducing-facts-about-americas-wildly-out-control-student-loan-debt-bubble