>the act of renouncing U.S. citizenship does not allow persons to avoid possible prosecution for crimes which they may have committed in the United States, or escape the repayment of financial obligations, including child support payments, previously incurred in the United States or incurred as United States citizens abroad.

https://travel.state.gov/content/travel/en/legal-considerati...

I guess if you successfully renounced you could just try to avoid having any contact with the US ever again...

You can't be arrested for not paying debts. You could probably still visit the US as long as you didn't intend to work there.

In principle. In practice, renouncing US citizenship is the sort of thing that gets you put on a "make their life hell if they want to come here" list.

Why would you need to renounce citizenship?

Wouldn't one have to abandon US citizenship? From what I understand, that's a very long uphill struggle, and likely impossible if you have significant debt.

In theory it's an obstacle in practice if you have no significant assets it's easy. Remember all those undocumented immigrants into the US other countries have the same thing.

Now, sure you can't come back to the US without problems. But, plenty of countries are happy to take young well educated workers looking to start over.

Interesting idea. But that seems pretty tough unless the new grad has a much sought after skill and speaks the language in the destination country.

It's pretty easy for someone with an American university degree to get jobs in other countries -- the easiest is probably teaching English in Asia. It won't make you rich but it definitely pays enough to survive at what people in those countries would consider a decent middle-class standard.