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.
With the labor shortage right now it would be expensive for loan collectors to hire enough workers to track down and force payments if people stop paying on a large scale.
Can’t get blood from a stone. Mass Garnishment will just result in crime and tax evasion. If defaults happens on a large enough scale it’ll be impossible and political/economic suicide.
Wage garnishment will prevent most people from following through its my guess.
So don’t pay and make them work for it.
With the labor shortage right now it would be expensive for loan collectors to hire enough workers to track down and force payments if people stop paying on a large scale.
Can’t get blood from a stone. Mass Garnishment will just result in crime and tax evasion. If defaults happens on a large enough scale it’ll be impossible and political/economic suicide.