Bankruptcy is not an option. For student loans it doesn't wipe away anything. Student loans are THE WORST kind of debt to ever have over your head, find a way to pay these off or borrow from someone else to pay them off, or else you are screwed for the rest of your life likely.
His jokes aside, it struck me that he was looking to avoid being punished, to avoid being held responsible for the debt he acquired. If that's not the case and he wants minimizing the effect it has on his financial life while handling his obligation to repay the debt, then no of course it is not immoral.
You should do everything within your power to avoid giving Sallie Mae any money because **** Sallie Mae.
Go back and reread the post - You left out this part of my quote "Being not able to pay your student loans (or mortgage) is not a sin."
O rly? Because in this thread, you've asked people whether or not you should move out of the country because of the debt. Joking or not, if you really wanted advice or opinions you wouldn't have put it that lightly nor would you get on a basketball forum asking for financial advice after the fact. Then you're looking at ways to join the armed forces to gladly serve your country as a way to get out of paying back what you owe. In other words, no, you're not looking at your options (other than leaving the country) and you're not looking for any advice that might help you alleviate your troubles other than, well, ways to leave the country.
They do repay federal student loans but there are some conditions to them. If you have private student loans, well you're just ****ed. Best answer is talk to whoever gave you the loan and work out a payment plan. They have just as much interest in collecting some money as you do in repaying the loan so work something out.
Who cares? Maybe he did insinuate that he wanted to skip out on it, but he's looking for options. I have student loans too and although I'm repaying them on schedule they're an absolute headache so I can understand his frustration. No one needs a god damned lecture. He has a serious issue and needs help. I seriously expect more from people on clutchfans than reiterating stuff like that. When you clearly dont have the income to pay off the loan, you're going to ask all kinds of desperate questions. Clearly a lot of people havent had to deal with the headache that is a student loan. (especially in this economy when people like me who just graduated are having all sorts of troubles finding a job)
Sarcasm, sarcasm, sarcasm... I don't need you to rub it in my damn face like I'm some degenerate gambler or something mate!!!! I paid the damn thing on schedule and it just got shuffled into my other bills and most of my invoices are pdf formats which got deleted by accident... You act as if I'm playing a game or gambling at a casino or something man, this is my life, this is what I've been doing for a decade paying the damn bills left and right.. I just wanted to make this whole sticky situation less harmful and lighthearted as possible... I know my options and I'll deal with it...
I had a "friend" who had a "sherriff" leave a "note on his door" asking the friend to "call him" regarding a "judgement" against him from a "credit card company." I dunno if the sherriff was actually going to take any action or if he was just serving notice of the court's decision, but I do know this "friend" told the sherriff he had enough cash to pay off the debt and resolve the issue. Best bet is to call a personal bankruptcy lawyer and find out what's next.
Or applies for a job. I think something like 40% of job applicants are screened out because of bad credit. Probably not any real reason for it other than just reducing the stack of resumes you have to sort through.
