Asklemmy

43755 readers

1451 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

In the US, the year long student loan deferment ends in September. What happens when millions can't or don't start paying on them? (lemmy.world)

submitted 3 months ago by return2ozma@lemmy.world to c/asklemmy@lemmy.ml

13 comments fedilink hide all child comments

I accidentally asked this on shit post channel by accident so I'm asking in the correct channel now. Leaving the other one up because the replies were good.

you are viewing a single comment's thread
view the rest of the comments

[–] eldavi@lemmy.ml 28 points 3 months ago* (last edited 3 months ago)

the bank i used for one of my student loans came after me with legal action like this after my 3rd layoff and they'll use every single legal bit of legal fuckery they know to maximize your stress and to make sure that you cannot afford to put up a defense.

also the federal government gives them carte blanche to your finances once they win and permanent-for-life rules (both thanks to biden) so that they can keep coming at you for the rest of your life until you die.