News for hackers. Stuff that matters.

A comment on A Student Loan System Stacked Against the Borrower. Parent comment

Re:A Student Loan System Stacked Against the Borrower by nordsieck on Sunday October 11, 2015 @08:24PM (#10371802)
It's not true that there's zero risk. As they say - "you can't get blood from a stone".

There are plenty of people who just don't pay their loans and make so little money there is no realistic recourse for the banks.

[ Parent | on HN ]
Re:A Student Loan System Stacked Against the Borrower by kefka on Monday October 12, 2015 @06:00AM (#10373520)
Unfortunately, the recourse is a lifetime of garnishment. That may (and can) include garnishment of Social Security.
[ Parent | on HN ]