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33 sats \ 7 replies \ @Satosora 19h \ parent \ on: Does the United States Government Need a Gold Reserve? No. econ
A lot of those student loans are going to default. Who can afford to pay them off, especially the millennials?
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10 sats \ 6 replies \ @Undisciplined OP 19h
They may be in de facto default, but those debts cannot be discharged.
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23 sats \ 5 replies \ @Satosora 19h
They will be discharged upon the death of the loanee. Many people just wont pay them, or just pay the bare minimum.
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110 sats \ 4 replies \ @Undisciplined OP 19h
I'm not sure how this works, because you will get a lien placed on your future earnings at some point, which means it's not up to you whether you repay or not.
The only ways around that (that I know of) are not working or only earning income under the table.
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31 sats \ 3 replies \ @Satosora 19h
People always find ways around it. And the system is just too slow to catch on.
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10 sats \ 2 replies \ @Undisciplined OP 19h
Still, I think avoiding repayment puts a pretty significant limitation on earning potential.
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30 sats \ 1 reply \ @Satosora 19h
Some people arent able to get a job with the education and loans they have.
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