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Student loans in default to be referred to debt collection, Education Department says (apnews.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 2 weeks ago (6 children)

Huge gift to student borrowers. Just default on your loans and take the hit to your credit.

[–] [email protected] 4 points 2 weeks ago (5 children)

They can not only garnish your paycheck but also your social security aka retirement money…

[–] [email protected] 1 points 1 week ago (4 children)

They could if they weren’t selling the debt to collection agencies. That’s the hack. Take the hit to your credit, maybe a civil suit to get a little out of you, but don’t bother paying the collection agency. Just refuse to talk to them.

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