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you cannot use bankruptcy

Posted on: June 14, 2023 at 08:59:24 CT

meatiger MU

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M.O.B. Votes:

to get out of a student loan, so interest continues to accrue. At some point then government can just come in and take your money directly from payroll.

Banks can choose to write off loans, the government does not.

Please explain why this message is being reported.

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