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Forum Post: What if we all stopped playing by the rules?

Posted 6 years ago on March 22, 2012, 1:40 a.m. EST by AliceKlar (1) from Long Beach, CA
This content is user submitted and not an official statement

What would happen if we all stopped paying our student loans? Many of us are drowning in student loan debt, and our low-paying jobs, if we are lucky enough to have them, don't even begin to cover the interest payments.

On May 1st, a labor strike is planned. But what if it was also a strike against student debt? How long would they be able to punish us if we all stood our ground? The cost of an "education" in this country is the cost of a lifetime, how can we regain our freedom from the mistakes of our youth?



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[-] 1 points by JPB950 (2254) 6 years ago

You'll need the support of more then the 11% of students that have over $50,000 in loans out. The average outstanding student loan debt is under $25,000. That might be high but it's manageable for most. Will the majority of students risk the personal financial consequences to support you for that amount?

You may have made a poor bargain and failed to ask enough questions to understand what you were getting into, but in the end it was you that made the loan agreement. I'm sorry but I don't see why anyone, even a bank, should suffer for your mistakes.

[-] 1 points by ibanker (-99) 6 years ago

what did u major in and from where?

[-] 1 points by Jflynn1964 (-206) 6 years ago

Then you won't be able to borrow money again. Go for it. That's really smart.

What did you learn in college. Are you doing anything with your education? You obvioulsy didn't take economics.

[-] 1 points by AliceKlar (1) from Long Beach, CA 6 years ago

Nope, but I sure did learn spelling and grammar.

[-] 0 points by Jflynn1964 (-206) 6 years ago

"Nope" is a word?