posted on Jun, 8 2011 @ 01:02 PM
Although I think sending in the SWAT team is a little excessive, it doesnt bother me that a LEO may knock on your door to let you know you need to pay
Most people who have this type of debt also own a 400 dollar cell phone and pay a hundred bucks a month for that service.
I have been paying 107.00 a month on my student loan for almost a decade. Im done with it in December of this year
You ARE a criminal if you borrow money and dont pay it back...it is called stealing and for those of you who want to retort this comment. You have no
logic that can fight the fact that when you dont pay back your loans you are a thief and at some level, should be treated accordingly IMO.
So let me take a couple of your comments off of the table for you.
"They fell on hard times and cant pay it." you cant pay 25 a month because the SL company will take whatever you can give them to stay out of
default. I bet selling that Ihpone will get 250 bucks and that is 10 months worth of payments.
"The loan system for students is run by sharks and the interest is high" I pay less than 2% because I have been paying something monthly for a
decade. In all, on a 10k note, I have paid about 1600 in interest.
The reality here, is that people dont manage themselves, or their money very well and that gets them into trouble. What would you do if you loaned
someone 30k and they were not paying you?