DrBinkleton
116350
1374
36
Some states, like IA, SD, and KY, can take even more.
Source: https://mobile.nytimes.com/2017/11/18/business/student-loans-licenses.html
Nov 24, 2017 6:32 PM
DrBinkleton
116350
1374
36
Some states, like IA, SD, and KY, can take even more.
Source: https://mobile.nytimes.com/2017/11/18/business/student-loans-licenses.html
Kairyuduru
That’s absolutely disgusting. We are so fucked up here.
Gawky
you muricans need to use all your guns to get more freedom
Aingelproject667
Just an update to this: some states can revoke for ANY debt including child support/alimony.
flarflarf
At some point poor people in this nation are going to have to stop listening to the people who say the way out of poverty is by harder work.
Denturedog
Ah yes iowa, our government is so fucking stupid and behind the times it's disgusting.
maccannoncrew
Im not surprised mass is on that list....
knoldpold
The US has some strange laws
fallpandora
Yep Texas took away my Vocational Nurse license when I fell behind on my student loans. Fuck I'm so sick of the U.S
wreni
They can also take professional licenses away, such as nursing.
ProfAwesome1986
It’s about to be like this in Germany also, it’s the most retarded thing ever. You just gonna make even less money. Fuckin politics
RomeoEightJuliet
So... if you're struggling to pay your bills, they'll take away your means to make money so you can pay said bills. Brilliant.
draco88159000
Land of the free...provided you have a license.
curleymatt
I work at a high school, and they take kids drivers licenses away if they miss 10 unexcused days of school.
malikcarr
That is literally two weeks in an academic year, that's a lot of school to miss without a good reason for it.
PurpleAndBlack
Texas can also take your professional license, if you have one.
antistatusquo
College and the Federal Reserve - the biggest shams out there.
DrMaggot
Thanks god I was not born in the USA. Shit policies all over the place. One truly wondes how they could one day make us belive they were n°1
HobbstheTiger
Article says that it's mostly used on the most egregiously delinquent debtors; but still far too many people get screwed.
TinyPoods
Wtf is wrong with you America?
BenntheNinja
WTF AMERICA?
CrypticRuin
There are federal programs to get your student loan out of default for as low as $5 per month to avoid wage garnishment and tax offset.
WisconsinCheesing1
where?
CrypticRuin
Google federal loan locator #. See who is handling your loan, how much you owe, and what status they are in.
4skinphenom
IThurtswhenIP6
Most states now can take licenses for not paying child support
ThatSpiceyWhale
Hmm, struggling to make money are you? Here, we'll make it more difficult for you!
IronicUsername
Yeah, those payments will be a whole lot fucking easier to make when they can't drive to work. Jesus Christ, this is stupid.
IronicUsername
To be clear, I mean the law is stupid, not the post.
MatrimBloodyCauthon
Can we pleaase. Please fight student loans next? Or change the discussion to have them easier to pay back?
DrBinkleton
Personally I am all for a bail out. Student loans ruin lives and some of us have been paying for over 10 years for poor financial (1/2)
DrBinkleton
Choices made as a kid guided by an ignorant parental generation. At this point it’s like cruel and unusual punishment
MatrimBloodyCauthon
I went back recently. I don't regret it, I'm much smarter and it trained my brain, but the amount of staggering. We need people who care
MatrimBloodyCauthon
instead we get Devoss
BigBadBillyBoy
To be the devil’s advocate: Borrowing money without understanding the terms is stupid. If you understand and don’t care that’s like theft.
DrBinkleton
Well it’s not quite that simple with student loans. You don’t know exactly what you are getting like with a car or a house. You are (1/3)
DrBinkleton
Hoping that the investment pays off and your education gets you the job and income that was promised to you by the school. Plus dan entire
DrBinkleton
Generation was pressured into taking out these loans by well meaning parents who thought college was the best path at all costs
BaconFuzz
It was an amazing path for the parents. It’s changed and the parents didn’t keep up. A lot of kids got very bad advice from their parents.
Aimanfire
Even if college takes me forever, I've vowed not to take student loans. I've heard enough bad things.
JARKB
That's how I feel now I'm afraid I might have to and I'm scared shitless.
MackinawPeach
Yeah they suck, but no reason to put any big life decisions on hold. I did it, got a good job and am paying them off slowly. Is what it is.
Mordecai213
Just go to community college for basic classes first then transfer for major.
SleepyGoose
They are still better than private loans
TheBlackVan
I'm going tgis route. Ive earned my associate's and am debt free. I couldn't afford full time, and I won't for bachelor either. Took longer.
TheThingNoNotThatOne
You need to balance that with the lost earning potential by not getting a degree sooner.
Midiosa
It's not bad if you play it smart. Don't max out loans and go to a super expensive school. Community colleges are a big help too
Aimanfire
yeah i'm going to community college, hopefully I can get a job with an associate's degree
Mordecai213
I went to cc for first two years, coworker went to prestigious school. Our salaries are equal.
VioletMoonRising
Problem is, most 17-18 year olds are immature morons who have to decide the rest of their life. It's a fucked up system.
Mordecai213
CC for the win
DrBinkleton
The hard this was that 10 years ago when I went to school, we didn’t understand the repressions yet. It’s just what people did. (1/2)
DrBinkleton
I definitely won’t advise my kids to take out any student loans in the future and anyone would be wise to avoid them now. Good on you!
waitwasthatreal
You only take loans that you are very confident you will be able to pay back in a timely manner
PaintedSlate
But we want people to take reasonable risks. A few percent will always run into serious problems or get sick and be unable to pay.
DrBinkleton
Well at the time many people took out loans they were. Economic downturns were unforeseen and the reality is 18 year olds shouldn’t be (1/2)
DrBinkleton
Making those choices. I had no real concept of what I was getting into, and my parents didn’t either since things were so different for them
Cavalrysword
Brilliant. Then how are you supposed to get to work to earn money to pay back the loan? Politicians can be such idiots.
Seanthombbomb
*american politicians - u never really hear of any country but America implementing stupid ideas..
Jusmar
#brexit
Munchman347
'Are there no workhouses, are there no prisons?'...
Thellluminati
"I signed a contract agreeing to pay back this huge amount of money, but expect little to no consequences if I don't"
spattr
They read Dickens & the idea of debtors' prison made sense.
CarbonNight
They dont really, that's why they allow people to accumulate such debts in the first place they really don't want people to have money.
theHoff12
It is because almost all of them are so disconnected about how the average American lives. Remember poverty is choice here.
breestar
I'm afraid people won't realize that last sentence was sarcastic...-it was sarcastic, right?
theHoff12
haha yes it was
iamalreadyaghost
You’re are behind on your cell phone bill and have been disconnected use your own cell and call to have service reactivated
synthetichug
i think companies have a number to do this when you're disconnected . 411 i think, similar to how 911 still works when disconnected.
iamalreadyaghost
Happened to me. No service at all.
dinobots56
They can do that it you are behind on child support as well!
Cavalrysword
That seems childish.
dinobots56
The court does it for them. And they have to be very very behind. 10k+ behind in support. They can even jail you.
sandsloth
Public transit? Your feet? Work has been around long before drivers licenses.
SamArt53
How many people who aren’t paying on their loans are spending $30-50/mo @ Starbucks or wasting other money? Contact lender for lower paymnt
JunglePygmy
30-50 a month? Try 30-50 a week
barbwyre59
My wife had loans for rn school . We had no cable no cel didn’t go out to eat . You scrimp when your young and can relax later.It works
Dispari
Sound financial advice. Don't buy a $5 coffee so you can pay off your $40,000 debt.
jwillr86
if you would stop eating all that god damn avocado toast you'd be fine...
barbwyre59
$5 times 365 is over 1800$. Cable tv 2500$ a year .cel phone lunch truck dining out in general , yup $5 at a time pays off your loan
Dispari
I'll grant you that if you don't eat food and live in a cardboard box you might have more money to pay off your debts with.
barbwyre59
What worked for me .Eat at home bring a lunch bring thermos of coffee . Quit smoking cigarettes . Now I own two homes .
Thellluminati
Are you dense? 5 dollar coffee is a metaphor for unneeded luxury items.. Live within your means.
Cavalrysword
Make up your mind. Is it 5 or 4?
Thellluminati
what?
filben7
Fun fact: Student Loans are a scam. Stop getting them.
DrBinkleton
I think a lot of people now understand that, but the trouble is that so many people already have them
Begotten
What's the difference between a student loan and any other loan?
BigBadBillyBoy
Can’t be forgiven in a bankruptcy, for one. The availability of student loans are the cause of skyrocketing tuition.
malikcarr
Ding. Gov't made student loans easily available but took no steps to put downward force on tuition at universities. Exact same thing was->
malikcarr
done for healthcare too. If your customers can afford to pay whatever you ask because the gov't is subsidizing them, why would you not->
malikcarr
charge as much as you can? There's no incentive to NOT be expensive as fuck.
waitwasthatreal
Their not. They are fairly reasonable loans, but like any loan, you should only take what you are certain you will be able to repay.
filben7
No, they are unlike any loan. They cant be discharged in bankruptcy and they will give them to ANYONE. They are a predatory scam.
waitwasthatreal
Yes they can be discharged, that's just false, and yeah they give them to anyone who wants to go to college. It's not their fault when >>
waitwasthatreal
Choose to accept loans larger than they should.
BaconFuzz
18 year olds brainwashed into going to college are in a great position to make highly impactful financial decisions.
sariari
The interest rates are also incredibly high- you can get a better loan for a car
waitwasthatreal
It's 4-6 percent, I would hardly call that incredibly high.
filben7
say 5% on a $35K loan, at 10 years thats $10K in interest and $371/mon.
sariari
Sallie Mae was charging me 11% on a 40k loan
waitwasthatreal
Why not go with a federal student loan?
dandelionbomb
I live in SD and Im behind on my student loans. I havent been harassed by the state. But I forgot to pay my sales tax and warrant was issued
Nikolai5
I feel like in the US they make taxes intentionally difficult in hopes they can rinse people when they fuck up.
thatfucknguy
I'm just glad to see a couple more South Dakotans on here. No student loans for me though
barbwyre59
Some student loans are like the predatory loans they gave to people before the bubble burst . And They don’t have a horse in the race
dandelionbomb
And my drivers liscense was revoked. I had to go to court and pay an additional fine to get the matter cleared up. All over $78 I forgot
IronicUsername
From the drafting of the law(s) that allow this, to the execution, someone along the line really should have said "wait, this is stupid."
malak0rX
As a fellow south dakota, can confirm. SD is backwards on alot of things.
njr12
We’re still in the top 2 for best Dakota in the US
tmspmike
Do you own a small business? I can't figure out how one would owe "sales tax" otherwise.
barbwyre59
I think she meant income tax. She added she is a house cleaner self employed . Still not right punishment didn’t fit the “ crime”
dandelionbomb
Yes
tmspmike
Makes sense then. Thanks.
rhinocerass
Forgot to pay your sales tax? On what?
dandelionbomb
Im a cleaning lady part time
JanitorsApprentice
That sentence could be taken a couple ways
Naternutts
You must mean your income taxes...
cardogg
No sales tax back to the state for the services provided, SD has no state income tax, just federal.
sexconker
You collected sales tax but didn't hand it over to the government? Yeah, it's reasonable for them to go after that.