It's a 'massive student debt strike' activist says, as millions of borrowers still aren't making payments

return2ozma@lemmy.world to News@lemmy.world – 503 points –
It's a 'massive student debt strike' activist says, as millions of borrowers still aren't making payments
cnbc.com
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Well that's even harsher. They'll let you build up some principal before garnishment.

The interest doesn’t capitalize at least.

Good. I recall deferring a few payments over a decade ago and they were pretty adamant about telling me the deferred interest would be added to the principal/capital(?). Definitely not my field of expertise.

It's all such a shit show. I live near a state university town and I have a hard time arguing for student loan relief. They paid theirs off... I feel like it's not about us or any individual. At some level, a large part of our tax base is being bled dry.

Argh. Cheers, yo