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News@lemmy.world · 1 year ago

62% of Student Loan Borrowers Say They're Likely to Boycott Repayments

www.commondreams.org

cross-posted to:
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62% of Student Loan Borrowers Say They're Likely to Boycott Repayments

www.commondreams.org

return2ozma@lemmy.world to

News@lemmy.world · 1 year ago

cross-posted to:
[email protected]

62% of Student Loan Borrowers Say They're Likely to Boycott Repayments: Poll

www.commondreams.org

As resumption of educational debt repayment looms, more than 7 in 10 borrowers say they are taking on extra work, while half say they don't know whether they'll be able to make payments come October.

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TheWoozy@lemmy.world
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1 year ago
Your income is the collateral. The banks will take it.
- Riyria@sopuli.xyz
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  1 year ago
  No, your income isn’t collateral. Garnishment is sought because there is no collateral to claim. Collateral is explicitly put up to guarantee a loan.

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