Student Loans In Us

[ulko]

This isn't really related to my PTSD except for how it's affecting me. I have to apply every year for a repayment plan on my student loans. This year they asked for my husband to co-sign for the first time. Now he finally tells me he had student loans he never paid. We are worried sick they will come after him. They can even garnish SS payments. I've advised him to find a lawyer, turn himself in and beg for mercy. Many people in his generation did not pay back their student loans and the govt did not go after them. but now we're worried. Has anyone else been through this?

 

[Fozic]

I'm assuming this is in the US.

He should call them up, and talk to them. If he is getting government payments, they will figure out in a matter of time that he has defaulted on his loans, and they will come after him for it eventually.

I didn't pay, they did come after me, I tried to lie low, but they did garnish my SSDI. They can not take all of SSDI/SSDI away, only any money awarded as SSI or SSDI past a certain amount. I could not get more than $750 a month in SSDI until I finally came up with a re-payment plan, which was doable for me. My actually SSDI payment was $800 then later $825, and they just took whatever amount was over that $750. My payment plan is $20 a month. Pretty doable. Better than what they garnished. And yes, it will take my entire life to pay off the loan at $20 a month, but I hope to go back to work eventually, and they know I have nothing more to pay.

If your husband in on SSI or SSDI, and is disabled with little hope of returning to work in the very near future, he may be able to have his loans forgiven entirely. He also may be able to come up with a payment plan that will end up helping you both out to pay a lower rate overall. The fact that he would be paying on a student loan may help you both.

I don't know if a lawyer is really necessary, but it may not hurt to consult with one, if the consult is free. Most lawyers will tell him to just give them a call, and enter into a payment plan. Most lawyers can't do much else. If you and your husband own considerable property, like a house and etc, then there may be more reason for a lawyer, after contacting the loan agency / collection company, and seeing what kind of payment plan they would agree too.

 

[Itaz]

I couldn't possibly recommend that you break a sacred law

There are some incredibly irresponsible people who have a load of unforgivable fun, and keep moving around, under the radar. Some even call themselves Agorists ( free market revolutionaries).

Other people quietly leave the plantation, but it is essential that they never get on a flight that might divert to the plantation of the "free".

Of course I could never recommend such actions.

Good luck with whatever you choose.

 

[Aje]

Plain and simple forgot to pay mine for about 5 years. I hadn't intended to quit school, I was just taking a quarter off, and then I moved in the 6mo auto deferment, and didn't think to update my address with them. Ironically, I was still registered/attended classes I paid out of pocket for (1credit, $70, not worth even thinking of taking loans out for), so they could have found me easily by checking with my uni but they didn't.

Point being, when I went to reapply for student loans, 5 years later FAFSA peeps were like... Um... You've been in default for XYZ years. // What? OMFG. Whoops. Crap. Schessie. Okay. What do I do???

It was a super easy fix.

I consolidated all of them (brought an $800 a month payment down to about $60), & made regular payments for 6 mo., and then was good to take out more loans & return to school. And did so. At which point I no longer had to pay on any of them because I was a student, again. Had to take another break from school, but this time remembered to put in for a deferment past the original 6mo.

 

[Gefige]

If they haven't already tracked him down, I wouldn't worry. The private loans are usually the worst; if it was a government subsidized stafford loan, I don't think they will hunt him down. But private loan companies are ruthless. They once advised me to work as a prostitute to make money when I explained I was having trouble finding a job!

 

[Laniked]

If they haven't already tracked him down, I wouldn't worry. The private loans are usually the worst; if it was a governm...

really? that is intense! They only see us as slaves. It is such a sick world we live in.

 

[Hazi]

really? that is intense! They only see us as slaves. It is such a sick world we live in.

Are you kidding? Slaves? You take a loan knowing that you have to pay it back and it is sick for them to expect payment? I can't speak for the above posters conversation about becoming a prostitute. Perhaps it was a joke, but as a taxpayer I find it incredibly offensive that my tax funds go toward lending anyone money whose intent is not to pay it back. I hope they find each of you who are on the lamb and in default and hold you accountable. That is what is sick.... It is cheating.

 

[Apuve]

as a taxpayer I find it incredibly offensive that my tax funds go toward

go towards what?
Providing the services of drone strikes on wedding parties, family barbecues, MSF hospitals, market places, the terror bombing of cities*?
The bailouts of Wall Street speculators who's speculations went sour? The bailouts of crony crapitalists, who should have gone bust years ago?

You neither have a choice on paying tax
nor on what the money taken from you in tax goes for

sure, you get to vote for politicians, but on the central policies, both parties are Identical - so you don't get any choice whatsoever.

please, save your outrage for:
-the tax and for the vermin who extort it from you, and who through inflating the money supply make saving a fools game
- not for the OP or contributors to this thread, who are your fellow tax victims.
___________________________
* a friend's sister jumped out of her apartment block to her death, rather than experience yet another night of terror bombing in Belgrade.
_______________________
lest anyone think I'm hiding behind anonymity. I'll put my posting name to this
Anarchy

 

[Avi]

@ Apuve
Sorry, still don't buy that crap. Two wrongs don't make a right. When you sign a loan document and agree to pay back a loan, that is exactly what you should do. All of your other minutiae about bombs and politicians is utter bull shit. You are why this country is in such peril. The topic is, as per the OP, about student loans, not bombs, not Wall Street, and certainly not about me. My comment was that my tax money goes towards student loans and I find this subject offensive in that people so easily dismiss their responsibility to pay those loans back and post ways they have gotten around paying them back. If you want to start a thread about bombs, Wall Street, and various other ways our tax money is wasted I will happily post my disdain for those topics as well but since this topic is about student loans, my opinion stands that it pisses me off that people come on here complaining about paying back a loan they agreed to and knew the terms from the beginning. Further, I find the post about not paying them back and flying around "under the radar" reprehensible. It shows a lack of respect for those who have busted their ass to do the right thing. Your post was minutiae...nothing more. Stay on topic.

 

[Vepire]

I'll keep it clear and simple

Had you contracted with the OP to loan them the money, I would be in agreement with you. but you didn't contract with the OP.

you also didn't have a choice about handing the money over as tax. That part is tautologically true - part of the definition of tax as opposed to say a gift or a donation is you do not get a choice in the matter of tax*.

and your choices of what happen to that money that went as tax, ceases as soon as it leaves your possession.

so stop blaming the OP and start blaming the vermin who took the money away from you in the first place.
______________________________________________
* if you or I tried to "tax" we'd be called extortionists

 

[Enepi]

sorry, still don't buy that crap.

and I'll have less of the passive aggression, you were not sorry at all

 

[Dijupef]

Your right, I was not sorry and still am not. You make the issue about something entirely different bc I voiced the opinion that it is in fact our tax dollars spent on student loans. I never said I had control over where it was spent and if I choose to be as pissed at the people f*cking the system by not paying their loans back as I am about the "vermin that took the money" I am absolutely entitled to do so. It very well may be the governments fault for lending money to people who find ways to not pay it back but I am still pissed at the people who choose, CHOOSE to screw the system. That is the topic of the thread. I only personalize it by saying it is in fact tax dollars that are being stolen. I don't know if you pay taxes or if you simply collect a check from the system and perhaps that is why you choose to make this conversation about government instead of what the topic was, college loan debt. It is in fact screwing the system and the taxpayers that pay in to the system in good faith. However, the topic still remains that it is wrong to do...period. The other scattering of the topic is minutiae. Period.
Because you can't stay on topic, nor can you admit when you are completely wrong, this is my last post in the discussion. You warp the conversation in to what you think it should be. Twisted.... I am absolutely entitled to my opinion without having someone like you tell me I should be pissed about something else. I am pissed because this topic on this forum was discussing the fact that you can basically steal money from a system in which I pay in to. Period. It is stealing and it pisses me off. So do a lot of other things but those weren't the topic of this thread.
Peace. You are nothing but a shit stirrer.