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 ...
“He said he loved the parties...and the social environment.”
I think there are three females for every two males in college.
Get as many credit cards as you can. Then max out all of them. Make only minimum payments. When you can’t make minimum payments on all of them, declare bankruptcy. You get to keep your residence and car. Credit card debts are wiped out. I have seen people do this.
garnish wages
There is a zoom function in Microsoft Edge.
Click on the three dots.
It’s the fourth item down.
Yet you can evidently read other people's non-capitalized comments.
Very strange.
Must have been the pot because he made my skin crawl. Not because of his appearance, which was scruffy but not scary. But because his lifestyle of fraud turned my stomach.
‘Anyone who refuses to make monthly student loan payments will be drafted into the U.S. Marine Corp.’
The Ukrainian army has openings.
We have invaders Zelensky might be able to use for a march to Moscow.
And why don’t the colleges owe anything? I don’t understand why private universities get state funding. That was new to me until DOGE.
I can give you a sample size of 1.
A guy I know was in undergrad school for 16 years, all payed with loans. You read that right.
Schools often put a time limit on how long you can stay so he attended 7 different universities, finally earning a degree in sociology.
At the same time, toss out the guest workers so our kids can afford to payback those loans.
“The loans should be forgiven, b...”
I basically agree but only if from now on it is pay as you go. The student load program was a really stupid thing to do. We need to acknowledge it and move on. Both parties are responsible.
Isn’t there jail for deadbeats?
Make that threat real and they will pay. Scumbags.
They saw the dumb 18-year olds coming.
Yeah, we talk about unpaid student line and while those in charge pay nothing too. All should pay what they owe.
In all seriousness, I’d be surprised if a fraction of it is ever paid back.
But that does not negate what I said.
They agreed to pay it back when they took out the loan. It was part of the terms and conditions. I know. I read them when our kids took out theirs.
So they SHOULD pay them back as they owe it to them.
And if they don’t. then like any debt, garnish their wages or tax refunds.
But I also am well aware that reality does not usually match what SHOULD be.
She’s a Senior Citizen with a few years on her bro
She means no harm
I apologize. Carry on.
College has been oversold for decades
The left has bamboozled the young into college degrees that are worthless and a life time of debt
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