Student Loan Basics
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Morganzxasdd 2 years ago
Going to college is not worth creating debt with an unmerciful government. Sometimes, health issues and certain upcoming mental and physical disabilities will prevent a person from making enough money, if any, to barely survive on, but the government will still take their money! You can't take bankruptcy! You're trapped permenantly. There's no mercy! No forgiveness of debt. Financial slavery! Don't be fooled. A job's not promised at the end of your education. Education doesn't equal prosperity.
olivia4058 3 years ago
no, but you can always defer them (most of them, anyway) if you join the peace corps for a few years. it's the best idea for debt-laden graduates who want to see the world, travel, etc..some govt. student loans are actually partially paid off by the govt while you serve
randompal 3 years ago
Did your high school counselor tell you that you CANNOT declare bankruptcy on a student loan. Some debts such as child support and student loans don't require a judgment for collection. If your parent cosigns a student loan for you and you don't pay, then your parent will be hounded by collection agencies forever. Sallie Mae is really another word for sarlacc pit.
waverly2468 3 years ago 2