Comment on 62% of Student Loan Borrowers Say They're Likely to Boycott Repayments: Poll

• jeanofthedead@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

  I don’t think your debt disappears if you expatriate.

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  • glorious_albus@lemmy.world ⁨10⁩ ⁨months⁩ ago

    Banks hate this one simple trick.

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  • sturmblast@lemmy.world ⁨10⁩ ⁨months⁩ ago

    it doesn’t go away but if you don’t come back it doesn’t really matter

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    • kungen@feddit.nu ⁨10⁩ ⁨months⁩ ago

      Depends on where you’re disappearing to, and how smart your lenders are – many countries cooperate with foreign debt enforcement.

      In Sweden for example, a foreign lender can apply for debt enforcement with our national enforcement agency (Kronofogden). They then handle it the same as domestic debt by garnishing your wages or confiscating your property for example.

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      • Matt_Shatt@lemm.ee ⁨10⁩ ⁨months⁩ ago

        Can’t garnish me or take my things if I expatriate and just become homeless. Checkmate government!

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    • HeyThisIsntTheYMCA@lemmy.world ⁨10⁩ ⁨months⁩ ago

      It does if you expatriate into ¡Gregorio Sanchez, Title Alligator Boxer Extraordinaire!

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  • waraukaeru@kbin.social ⁨10⁩ ⁨months⁩ ago

    You can get on income-based repayment. You have no American income, so you pay nothing. Eventually the debt is cancelled, as long as you don't move back.

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    • jeanofthedead@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

      Wow, I had no idea. See ya!

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