Posted on 08/12/2025 4:36:41 PM PDT by Libloather
Less than half of student loan borrowers have been making their payments on $1.6 trillion of debt as they struggle to afford housing and groceries – and some are letting the bills pile up as a form of protest.
Only 38% of the 42.7 million borrowers nationwide are in repayment and current following five years of leniency measures from the US government following the COVID-19 pandemic, the Department of Education said in April.
While most borrowers have loans that are less than $40,000, about 3.6 million Americans owe more than $100,000 each in federal loans totaling $656.7 billion – or about 41% of total student debt.
As of May, about 30% of borrowers with a payment due, or 5.6 million people, were at least 90 days behind, according to TransUnion data.
At the 270-day mark, the government can withhold tax refunds and order employers to garnish up to 15% of a borrower’s after-tax salary.
But these consequences may “feel too abstract to feel motivational for people,” Sarah Newcomb, senior behavioral scientist at Edward Jones, told Bloomberg.
About 2.2 million borrowers saw their credit scores tank by at least 100 points in the first quarter, according to the New York Federal Reserve.
Kameron Davis, a 24-year-old Uber driver in Miami, recently saw his credit score plunge about 180 points for not paying his student loans – but he’s unbothered since he doesn’t plan to buy a home anytime soon.
After dropping out of college when classes went online during the pandemic, Davis is more concerned with supporting his wife and two kids than prioritizing an $800 monthly student-loan payment.
(Excerpt) Read more at nypost.com ...
If you people think $1.6 trillion or anything close to it is going to be paid back, you are crazy.
This is simply Congress funneling money to the university sector disguised as “student loans”, issued FAR in excess of any potential repayment.
67% of student loan debt ($929 billion) is owed by women.
Girl power! Yay!
Garnish wages and public benefits.
Babylon Bee should have some real fun with this.
President Trump Signs Latest Executive Order. Anyone who refuses to make monthly student loan payments will be drafted into the Coast Guard and Border Patrol.
On the other hand, the student loan debt could be tied to the driver’s license, car registration, etc. Imagine the Horror.
About 40 years ago, I filed my Federal taxes, but not the State tax return. I had done the initial calculations, and I would have received about $40 refund from the State. Several months later, my car registration was due. The State Franchise Tax Board sent a THREATENING letter, stating I could not register my car unless I submitted my State Tax Return. I filled it out, sent it in, and received the $40.
> Make the colleges, who sold then the worthless degrees, pay. <
Colleges deserve some of the blame because they place naive freshmen into degree programs that have no value in the real world.
Perhaps the college should have to co-sign for some fraction of the student’s loan. 1/3? 1/2?
Is defaulting on student loans grounds for deportation?
I tend to agree. With AI and internet remote learning/tutorial videos available, going to a university to listen to some perverted, hungover Communist professor seems like they’re trying to peddle used buggy whips.
I learned to work on solid state amplifiers/computer controlled astronomical telescopes via video tutorials. Not in classrooms full of political misfits or professor Manny Marxist and Suzi Socialist.
Anyone who refuses to make monthly student loan payments will be drafted into the Coast Guard and Border Patrol.Coast Guard or Border Patrol is like a day at the beach.
If you really want to get their attention:
'Anyone who refuses to make monthly student loan payments will be drafted into the U.S. Marine Corp.'
Forfeiture of paychecks until paid off.
MUST HAVE DITCHED THE FINANCE CLASSES
“They OWE it, and if they don’t pay it voluntarily, there’s always garnishing their wages or tax refunds.”
Back in ‘77 I was talking to a fifty year old engineering student. He’d been a student since his early twenties. He’d take out loans, declare bankruptcy and then do it all over again. I asked him why as I was bored to death in school. He said he loved the parties, the drugs and the social environment. There were several of these low Lifes.
THEIR FUTURE DEBTS WILL NOT BE FORGIVEN
THEY NEED TO LEARN TO PLAY BY THE RULES
2/3 of $1.6 trillion debtors are “ignoring” it? If I were in the student loan biz I would get out ASAP. Because the second a Millennial Democrat gets into power, that debt is GONE. Erased. Amnestied out of existence. Could well happen as early as January 20, 2029.
IT IS AMAZING HOW MANY IRS EMPLOYEES OWE MONEY TO THE IRS....
[Expletive Deleted] you and your eternal all caps BS.
Anyone surprised? It’s the most entitled generation in history.
Wow
Great work
HAVE TO PAY FIRST—_THEN DEPORT A PUNISHMENT
I HAVE A PROBLEM WITH ONE EYE & PROOFREADING.
SORRY IT IS BOTHERING YOU.
THE EYE IS MORE OF A BOTHER TO ME
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