Defiant Student debtors refuse to pay back loans: ‘I’m not gonna feed this monster anymore’

New York Post ^ | 11/19/2022 | Joshua Rhett Miller

[SeekAndFind]

Stick a fiscal fork in ’em: These student loan debtors are done.

As they contend with a second legal setback to President Biden’s estimated $430 billion student debt cancellation plan, some exasperated borrowers told The Post they won’t ever pay another penny toward their massive tabs — regardless of how it might impact their future finances.

Rather than having up to $20,000 forgiven as Biden vowed in August, the fed-up debtors remain among the more than 45 million borrowers who owe a total of $1.6 trillion in federal student loans. The average undergraduate borrower leaves college with nearly $25,000 in debt, according to a Department of Education review, and payments often start six months out of school when cash can be especially tight. As a result, roughly 16% of all borrowers are currently in default, federal data shows.

Halted at the beginning of the pandemic, monthly loan bills are set to resume in January unless the pause is extended for a ninth time. But current and former students, including one who owes a staggering $118,000, said the looming payments are simply above their pay grades, especially in post-pandemic America.

Some 26 million people applied for the loan relief plan that critics claim could intensify inflation and 16 million had already been approved as of last week, White House press secretary Karine Jean-Pierre told reporters.

[SeekAndFind]

Activists say the viability of the proposed debt relief remains unclear: The Department of Education stopped accepting relief applications and the program faces a possible Supreme Court showdown. Debt activists say up to 75% of borrowers won’t resume paying when those invoices arrive.

“These loans have become weaponized, they’re viciously predatory and hyperinflationary,” Alan Collinge, founder of nonprofit group Student Loan Justice, told The Post. “So, they’ve become these licenses to steal [from borrowers].”

[SeekAndFind]

Nicholas LinkeyFacebook

Nicholas Linkey, 31, of Providence, Utah

Total debt: $25,000

Occupation: Unemployed

Education: Utah State University; University of the People

Prior monthly payment: $300

Linkey said he’s “had enough” of the whirlwind debt rigmarole and says Biden could easily cancel the total debt using executive action granted in the Higher Education Act of 1965, but “never really intended” to do so, he said. Linkey also wants to see loans fully dischargeable in all bankruptcy cases rather than in cases where borrowers can prove their payments cause undue hardship.

“Absolutely not,” Linkey said when asked if he’ll buck up and pay. “I’m not gonna feed this monster anymore. I’m done. This loan thing is done.”

Linkey predicts many other borrowers will go on a “mass strike” like himself while sending Washington a clear message.

“People have had enough,” he said, speculating that Biden will be forced to extend the payment moratorium. “We’re done paying into it and done with the burdens of these loans.”

[Olog-hai]

They had no problem with the monster feeding them. Never mind voting for the monster that fed them. That makes them ungrateful children of the monster, thus monsters themselves.

[Rurudyne]

The “monster” fed you when you were unwilling to wait till you could pay for your worthless unmarketable degree but instead signed your name on the dotted line.

Delayed gratification is a wonderful life choice.

[Wally_Kalbacken]

Dude, University of the People?

[frank ballenger]

Will this be allowed although illegal?

Murderers like the one who killed Kate Steinle were ok in a “Sanctuary City” and then got off in court anyway.

Lots of judges let the criminals go with no bail or low bail or absurdly light sentences and probation.

Law breaking is “in”——unless you are a conservative or patriot. Then it’s a vendetta against you.

[TheBattman]

I know several with significant student loan debt. Some complain and claim they can’t afford the repayment - yet are driving new (less than 3 years old) cars, live in pretty decent homes, and have the latest technology in their hands...

I also know similar debtors who have chosen the responsible path as millions of us have over the years - to scrimp, squeeze, and sacrifice to pay back our student loans.

The leech in that description - unemployed. And what effort is he making to become employed? It would appear - zero. He’s a leech. Period.

[Right Brother]

Guy looks like a typical lonely, stoned gamer that just got done burping the worm to some online porn. America’s new generation of males. Yay!

[SaveFerris]

[Defiant Student debtors refuse to pay back loans: ‘I’m not gonna feed this monster anymore’]

That should work out well. Great plan.

[W.]

This spoiled, self-entitled little punk-ass bitch WILL pay back that loan, he just can’t accept that fact...yet.

[Dr. Franklin]

The government garnishes wages for those in default on the their student loans. Short of leaving the country, or being self-employed and living off cash, this is very stupid.

[lightman]

This spoiled, self-entitled little punk-ass bitch WILL pay back that loan, he just can’t accept that fact...yet.

Draft his azz into the USMC.

Pay in pennies or in flesh.

[dennisw]

If my degree was in indigenous basket weaving and had $30,000 in student debt, and still flipping hamburgers, I would do the same.

[TheBattman]

Did he even finish the degree?

[House Atreides]

“Dude, University of the People?”
**************************************

I noticed that also. It’s TUITION FREE and it’s ON-LINE so students can take their courses whenever and wherever they want. They can schedule around their work…not that the “unemployed” Master Nicholas likely ever worked a day in his life.

https://www.uopeople.edu/?utm_source=google&utm_medium=cpc&utm_campaign=ggl-search_brand_us&utm_term=university%20of%20the%20people&utm_content=78968326707&gclid=CjwKCAiAmuKbBhA2EiwAxQnt77tGK9VErRDbib_nsyTrMixgYlRvSQ_zm7FDUipjIGIuNeuS4V6vQhoCAiYQAvD_BwE

So WTF did he use the loan money for?

[TheBattman]

University of the People is tuition-free... so that debt was accumulated during his initial enrollment at Utah State... Probably represents a year, maybe two before flunking out. He then enrolled in the tuition-free University of the People... which cost almost nothing...

[SeekAndFind]

RE: Dude, University of the People?

See here for the school’s background:

https://en.wikipedia.org/wiki/University_of_the_People

[JennysCool]

He’s a leech. Period.

Just the look on his face almost screams Leech. And really happy about it.

Good times.

[oneandfinished]

Leftest declare ALL loans are now ‘predatory’.

[JennysCool]

Draft his azz into the USMC.

Isn't the military in sad enough shape without this guy joining up?