Talk of The Villages Florida - View Single Post - Senior citizens owe $18 billion in student loans
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Old 09-11-2014, 04:24 PM
janmcn janmcn is offline
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Quote:
Originally Posted by Bonnevie View Post
what scares me most about this is how contagious entitlement has become. These people will say they are too old to have to pay it and play the victim. All through there lives many have bought tvs, cars, etc. but now will cry fixed income or age and not expect to have to pay. BTW, I also took loans for college---twice, and paid them back quickly by living way below my means until it was done.
Did anybody read the article linked to this thread? There is no bugging out on a student loan. Every cent of income is subject to garnishment, including social security and tax refunds. Anyone who gets behind on their student loans has no credit worthiness, which means no credit cards, no mortgage, etc. In the end, the estate will be seized to settle this debt.