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A comment on Student loans in default to be referred to debt collection, Dept of Ed says. Parent comment

Re:Student loans in default to be referred to debt collectio... by throw-the-towel on Tuesday April 22, 2025 @09:28AM (#43761882)
I'm not American so I may have missed something, but isn't this a huge departure from established procedures which everyone was relying on?
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Re:Student loans in default to be referred to debt collectio... by ru552 on Tuesday April 22, 2025 @09:33AM (#43761963)
They only stopped referring to debt collections in 2020 when Covid hit.
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Re:Student loans in default to be referred to debt collectio... by flerchin on Tuesday April 22, 2025 @09:31AM (#43761922)
If anything, this is a return to normalcy.
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Re:Student loans in default to be referred to debt collectio... by hiatus on Tuesday April 22, 2025 @09:31AM (#43761925)
No. The loans were deferred for a few years. When people took out the loans they did so knowing they would have to pay them back
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Re:Student loans in default to be referred to debt collectio... by 0xfaded on Tuesday April 22, 2025 @09:54AM (#43762210)
Understood as 18 year olds who were told everything would be okay so long as they just did what they were told.

I was lucky enough to grow up and go to university in another country. The magnitude of the financial decisions I was making at the time were < 1k and I remembered how much money that felt like.

IMHO blaming people for 100k bad financial decisions made under duress just as they entered adulthood is victim blaming.

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Re:Student loans in default to be referred to debt collectio... by nyarlathotep_ on Tuesday April 22, 2025 @10:54AM (#43762948)
> IMHO blaming people for 100k bad financial decisions made under duress just as they entered adulthood is victim blaming.

Especially when the implied social contract broke down--i.e low wages, horrific increases in the cost of living, limited opportunities.

It's pretty common to find people that regret taking the loans to go to school and got little value from their education.

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Re:Student loans in default to be referred to debt collectio... by hiatus on Wednesday April 23, 2025 @11:48AM (#43773491)
18 year olds have enough agency to sign their life away to fight on foreign soil but are too stupid to sign for a loan? Or are you arguing we should raise the age of majority to > 18?
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