Quote:
Originally Posted by legion
My sister's best friend graduated with around $96,000 in student loan debt. After switching majors severals times while at Columbia, he finally graduated with a degree in film after seven years.
He fell off the grid. He sublets his apartment and he works for cash as a mover (among other odd jobs). He paid his student loan for the first few months at something like $1,200 a month and said screw it and restructured his life so he couldn't be found to repay.  |
I wonder if he is planning on trying to stay "off the grid" for the rest of his life?
There may be more bailouts to forgive the loans made to "losers" like him, or inflation may help to eliminate what he owes (if he has a fixed interest rate), but that loan will never "go away."
If he tries to get back "on the grid" 20 years from now, the loan will be there waiting for him.
Personally, I hope he has a variable interest rate!