I use the term educated loosely. If they were stupid enough to take on the debt then I do not give a shit about them. I will give you an example. I have a family member that overextended himself for decades by buying new vehicles. Now he finds himself in economic dire straights. He shit in his bed, he can sleep in the shit.
I was talking to . He seems to be a little confused. Also Texas is being swarmed with citytards so he is not free
If you don't make your car payments, they take your car, give you bad credit, and that's it. If you don't make your house payments, they take your house, give you bad credit, and that's it. If the debts get bad enough, you can file bankruptcy, then they take whatever, give you bad credit for 7 years and that's it. No wage garnishing, no lifetime debt.
Student loans. If you default, they charge you penalties and fees that must be paid before you can pay the interest and principal. Its a federal debt. You cant get out of it thorough bankruptcy, and they take your tax returns and garnish your wages until everything is paid off, even if it takes your entire life to pay it.
You're comparing a default on a car loan to a default on student loans, and there is nothing similar about it. Millions of Americans are facing a life of debt servitude that they can't escape.
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