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this post was submitted on 15 Aug 2024
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Technology
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I know people who have fully embraced that they will never be able to pay off their student loans and are just letting them default. It's often easier to get out of wage garnishment and wrecked credit than it is trying to pay back tens to hundreds of thousands of dollars.
So yeah, the government paying off its own loans is just kicking the can down the road. Accelerating a process that's already happening.