it doesn’t go away but if you don’t come back it doesn’t really matter
Comment on 62% of Student Loan Borrowers Say They're Likely to Boycott Repayments: Poll
jeanofthedead@sh.itjust.works 10 months agoI don’t think your debt disappears if you expatriate.
sturmblast@lemmy.world 10 months ago
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.
Matt_Shatt@lemm.ee 10 months ago
Can’t garnish me or take my things if I expatriate and just become homeless. Checkmate government!
HeyThisIsntTheYMCA@lemmy.world 10 months ago
It does if you expatriate into ¡Gregorio Sanchez, Title Alligator Boxer Extraordinaire!
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.
jeanofthedead@sh.itjust.works 10 months ago
Wow, I had no idea. See ya!
glorious_albus@lemmy.world 10 months ago
Banks hate this one simple trick.