217
62% of Student Loan Borrowers Say They're Likely to Boycott Repayments: Poll
(www.commondreams.org)
this post was submitted on 17 Aug 2023
217 points (97.8% liked)
Work Reform
13253 readers
148 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Wage garnishment will prevent most people from following through its my guess.
The way student loans are structured you can't not pay them. Don't pay your loans and default, we'll get your wages garnished. You get a tax refund normally, well they'll take that. Oh you are on government assistance well they'll cut the amount you get. Want to declare bankruptcy sorry still gotta pay the loan.
It will only be worse for incoming freshmen since the rates will now be between 5.50-8.05% last I saw.
No matter what people who lent money for student loans will get paid unless the whole system changes and judging by those in charge there is a snowflakes chance in hell that happens unfortunately.
Time to leave the country and never return.
So don’t pay and make them work for it.
With the labor shortage right now it would be expensive for loan collectors to hire enough workers to track down and force payments if people stop paying on a large scale.
Can't get blood from a stone. Mass Garnishment will just result in crime and tax evasion. If defaults happens on a large enough scale it'll be impossible and political/economic suicide.