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the student debt repayment bomb

Posted on: June 14, 2023 at 08:47:29 CT

Th8tnTiger MU

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I'm seeing more and more millenials posting things like this talking about the end of the payment forbearance.

I wonder how many defaults we will see at the end of this year and the effect it will have on the economy.

A lot of the tweets I see are debtors mad the government doesn't just erase them like they did the pandemic loan giveaway, which we are still paying for.

https://twitter.com/emericanjezebel/status/1668618386300096512

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REPLY

MESSAGE THREAD

the student debt repayment bomb - Th8tnTiger MU - 6/14 08:47:29

On 23rd year of wife's 30 year repayment of doctoral degree - TigerFan92 STL - 6/14 15:47:48

I never had student debt - mu7176grad MU - 6/14 08:57:36

That is great but when you went to MU tuition was about... - BandG MU - 6/14 09:04:16

Did you not know the cost when you signed the forms? - TGR84 MU - 6/14 09:51:29

I graduated in 1984 and paid my own way without any loans... - BandG MU - 6/14 11:18:21

Those were never presented in any detail(nm) - meatiger MU - 6/14 09:53:32

So you willingly signed a document without details? - TGR84 MU - 6/14 11:05:11

Yes they are. They are in the loan docs(nm) - tman MU - 6/14 10:37:48

Too bad kids aren't taught financial responsibility at an - Logan BAMA - 6/14 09:35:50

Alot are...alot aren't...that is the first thing I taught... - BandG MU - 6/14 11:20:31

how many financially responsible 17 year olds do you know? - ashtray UF - 6/14 09:39:48

My kids were taught to work hard for - Logan BAMA - 6/14 09:49:41

but most kids were advised by guidance counselors in the - ashtray UF - 6/14 09:56:14

teaching is poor for sure - meatiger MU - 6/14 09:52:18

Also, unlike other loans - meatiger MU - 6/14 09:52:58

So what?(nm) - tman MU - 6/14 12:55:15

oh, the beauty of being a boomer - ashtray UF - 6/14 08:59:08

RE: oh, the beauty of being a boomer - mu7176grad MU - 6/14 09:31:32

How long are we at now - meatiger MU - 6/14 08:50:36

huh? "there cannot be any defaults"?(nm) - Th8tnTiger MU - 6/14 08:53:58

you cannot use bankruptcy - meatiger MU - 6/14 08:59:24

declaring bankruptcy is different from defaulting - Th8tnTiger MU - 6/14 09:02:25

you still owe the money - meatiger MU - 6/14 09:06:39

it does when you die (nm) - ashtray UF - 6/14 09:10:31

I am sure they go after your estate - meatiger MU - 6/14 09:14:30

nope (nm) - ashtray UF - 6/14 09:22:03

Are you sure - meatiger MU - 6/14 09:26:01

I haven't looked at them in awhile but my last recollection - Th8tnTiger MU - 6/14 09:33:09

Does appear correct - meatiger MU - 6/14 09:50:45

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