lol, i'll just leave this here
Quote:
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Originally Posted by TheBlackSheep
...so they simply go back to school for some other "degree" like game design or graphics design, knowing they can always just default on their loans if they still don't have the job they want in 10 years. Don't get me started on that bullshit.
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you clearly have no idea how student loans work, as shown in the above statement in which you clearly imply that supposed "friends" of yours can simply rack up student debt, and then somehow escape them later
yes, your debt goes into default status when you don't pay it, in which case:
1. the fed gov't pays the full amount + interest to your loan servicer
2. the gov't sends a debt collection agency like GRC on you
3. GRC adds 25% collection fee + 28% commission to the loan
4. GRC gets their fucking money back, whether its by taking money from your paycheck or social security or tax refunds until they are paid. There is no statute of limitations, you WILL pay GRC.
So your little story about being able to go to school and just "default" is 100% pure, unadulterated bullshit.
I suggest looking at Wikipedia for 15 seconds before you make another retarded post and get logic'd by the purist again.