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A comment on Student Debt Payback Far Worse Than Believed. Parent comment

Re:Student Debt Payback Far Worse Than Believed by gst on Thursday January 19, 2017 @07:39AM (#13435260)
> This is going to be a problem. Student debt cannot be discharged in bankruptcy, debtors simply garnish wages.

I studied in Austria so I'm not too familiar with how student loans in the US work, but as far as I know the Income Based Repayment program limits your monthly payments to a given percentage of your income. You can't discharge those debts, but an upper bound on the monthly payments doesn't sound too bad either.

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Re:Student Debt Payback Far Worse Than Believed by metasean on Thursday January 19, 2017 @09:07AM (#13435816)
But the interest keeps compounding, which means the person is going to be paying a still sizable portion of their income for a significantly longer timeframe. This is money that arguably would be spent on housing, family, and retirement, e.g. things that provide significant societal and personal stability.
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