The Debt Collective was born out of the Occupy Wall Street movement and helps people dispute debts with a goal of cancelling their loans. It currently has over 700 people pledged to never repay their student loans. Watch this video to hear from borrowers who are planning to never repay their loans and to learn what consequences they may face.
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Refusing To Pay $80K In Student Loan Debt
You gotta pay your loans if you chose a degree irresponsibly or because you lacked knowledge or dropped out or don’t want to get an average job or two be to pay your loan. it’s your responsibility.
Classic liberals
Then dont go to college and dont major in things that won't land you a job
The entitlement of this country is UNREAL
Encourage kids to go into skilled trades. I was talking to a plumber who owned 3 million dollars of real estate at 40 years old and never took a single college class
Community College is not 20k a year, just saying
the nose ring helps……lol
She expects a bank to give her a loan on a car when she clearly has stated she refuses to pay back her student loan. She is acting entitled to someone else’s money and any bank would be dumb to give her a loan
jamie diamond hold billions in student debt…….lmao
30 with THAT NOSE RING? If that's not failure to launch…
Pay your debts bums
Why do I not feel even remotely bad for this entitled girl? If I took out that much debt, I would literally clean toilets to pay it off. But my parents are immigrants, and even though they never taught me about money, they taught me to appreciate the opportunity in this beautiful country. She could pay her loans off if she weren’t so intent on feeling bad about herself or preserving her entitled lifestyle. Also, who wants to guess her political affiliations? These days, hard work only means something to half of America.
Forgive/cancel student loans? Count me in as soon as I get $31k back in my checking account that I used to pay my student loan.
You just need to learn financial literacy before attending college. Sadly it’ll usually come from your parents since school doesn’t teach this. I would also recommend doing your own research about finance and loans.
Ofc, it's a journalism degree….
She said “u don’t know how much is 20k when you’re broke.”
Actually I fully well know how much $20k is because I never had it. I would tread more lightly onto things I don’t have or understand instead of “borrowing” it.
It is sad to see people attacking a person who really has limited options. The fact she doesn't have 1000 dollars to finish her degree is pretty telling to me, and taking more loans is not option. Second she isn't able build her credit due to fact she can't get credit card and isn't able to make payments on loans. She's pretty much stuck where nowhere to go people in comments would have her working 80 hours barely getting by just pay loan minimum payments.
So moral of the story is to spend every penny you earn, then take credit and spend more, and then create movement to cancel this debt. Disgusting
People need to seriously educate themselves before taking out any loan. Youg People need to seriously only major in a degree that will be financially rewarding in the future. DON'T BORROW MONEY YOU CAN'T PAY BACK
The cap on public loans for undergraduates is $50,000. You can get a great education in state for $50,000. The people who chose to go to private school or out of state schools should've understood the consequences that come with that.
Sad. The only way to make your decision to go deeply into debt worse is to then refuse to pay it. I get that $80k is no trivial sum of money, but it isn't a life-ruining sum either. Their lack of imagination and belief in themselves is going to doom them to a life of self inflicted poverty.
Ya loans shouldn’t be handed to a 17 year old period. I don’t see banks loaning students for a home or car unless they have income or credit. Credit should at least be a requirement for taking out student loans
Really smart people but dumb as sh when it comes to money. Got it!
Good that you don’t have a credit card. Learn more about finances no personal finances and you will get a house in a few years. A house only makes sense if it’s treated as an asset cash flow in all forms
did she really say "I don't know how to build my credit"???????? How about starting to pay off your debt for a start???
This lady is literally living in poverty to prevent from paying $87k in student loans…
Now that is the AMERICAN DREAM said no one ever.
Get a job honey
Disliking this because they really be promoting people to go to school if they can't afford it. Ignorance. Sounds like she went out of state to a 4 yr uni with no plan to reduce debt. Must have been relying on uncle Biden to do everything for her.
Take off that nose ring, maybe you can get a job at burger king