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In the US, the year long student loan deferment ends in September. What happens when millions can't or don't start paying on them?

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return2ozma@lemmy.world
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asklemmy@lemmy.ml
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I accidentally asked this on shit post channel by accident so I’m asking in the correct channel now. Leaving the other one up because the replies were good.

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Imprudent3449@lemm.ee
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Most banks probably are not going to write off many student loans. They can pretty much go after it for life and the loans usually cannot be discharged.

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SoJB@lemmy.ml
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Absolutely, student loans are one of the pillars holding up the Wall Street machine. That’s like throwing away free money.

Would you like to know more?

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