Those originating the loans knew, or should have known, what they were getting into when they made these loans. They have no one to blame but themselves. Next time do your homework! https://www.wsj.com/articles/nearly-5-million-americans-in-default-on-student-loans-1513192375
Deben tener el control de sus finanzas, ahí es donde los padres deberían ingresar. Recuerda que este juego es tu educación, este es el problema en los Estados Unidos. La educación es muy costosa. Debe tener un plan de inversión a largo plazo para que ocurra este tipo de problema.
(cont'd) They (students) are now in a position to just walk away from these loans. That's a lot of money they'll be saving. Millennials are on the internet a good portion of the day. No doubt this will soon be passed around. More and more will stop paying simply because others are not paying.
@wilburbear ....In recalling some of your previous posts (looking for the free lunch, total sense of self entitlement, etc.). I'm not surprised you posted this. But, you are sadely mistaken if you think student borrowers can walk away from contractual obligations scott free. The lenders will haunt them to the ends of the world. Credit ha, job ha, girlfriend/boyfriend ha. By the way, it is NOT A MILLENIAL thing, I happen to know many who meet their obligations , are advancing their life style, and are moving along very well in the soc/economic world . How are YOU doing ?
%% Right and amen-student loans are not bankruptable. NO wonder my dad + mom worked way thru college/scholarships. But if borrower dies, i think they forgive that then??
%% They get a visit from the sheriff, +a rather firm request to appear in court.I prefer cash but still dont want to trash my credit, even if i never use it.....