Quote:
Originally Posted by purest
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lol, i'll just leave this here
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.
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You really are bent on being an Internet Hero today aren't you. We all know what the effects of defaulting are, Captain America. You keep repeating them as if we don't know what could happen. We get it. We know. The meat and potatoes here is that you made an incorrect assumption, ran your neck without thinking about what you were saying (ie... "non-defaultable"), and are now trying to ballerina dance around your embarrassment by repeatedly referencing the effects of defaulting.
LOGIC dictates that if you had a clear understanding of the term as it was used, you would not have donned your cape, taken to the air, and said student loans are "non-defaultable". Of course they are defaultable, you just get your ass handed to you later.
What I was referencing are people who get degrees, but can't get the job they want ("Help Desk? Hell no! Blizzard will hire me with my new shiny game design degree, right!?"), so they go back to school to keep from having to pay on their loans, accepting the fact that there is a possibility they will default. It is a cycle I have seen several people do. It is bullshit because it is irresponsible and needlessly incurs more debt due to degrees that will more than likely not serve them conducively in their preferred career path.
Anyway, you're going to read what you want to read, with your super-duper logic skills, and I don't want to see this thread get tossed into the cesspool that is RnF, so back to the topic at hand.
Azorath