So if we have total and utter economic collapse

[ksheets]

whats the chance I wont have to pay off the 50K in student loans I have?

 

[tfinch2]

Slim to none, and Slim's outta town.

 

[JulesMaximus]

Originally posted by: tfinch2
Slim to none, and Slim's outta town.

This. You just won't have any ability to pay it off.

 

[vi edit]

Some recent laws have made it pretty freaking hard to shed student loan debt. Even filing for bankrupcy leaves them stuck to you. I wouldn't get your hopes up.

 

[XZeroII]

100% chance that you'll have to pay it off...assuming you're still alive.

 

[fishjie]

you'll be OWNED

 

[FoBoT]

congress is going to bail you out, you get a free pass thanks to taxpayers

 

[ksheets]

yeh I mean..total economic collapse would= bankruptcy, in which case ...all debts are excused correct?

 

[ConstipatedVigilante]

We'll have bigger things to worry about that student loans.

 

[senseamp]

if?

 

[mugs]

Originally posted by: ksheets
yeh I mean..total economic collapse would= bankruptcy, in which case ...all debts are excused correct?

Not student loans

And before you come up with the genius solution to pay off the loans with credit cards and then declare bankruptcy - that won't fly either.

 

[KlokWyze]

Originally posted by: mugs

Originally posted by: ksheets
yeh I mean..total economic collapse would= bankruptcy, in which case ...all debts are excused correct?

Not student loans

And before you come up with the genius solution to pay off the loans with credit cards and then declare bankruptcy - that won't fly either.

Brilliant! lol

 

[FlashG]

Go back and live in your parents basement

 

[spidey07]

Originally posted by: ksheets
yeh I mean..total economic collapse would= bankruptcy, in which case ...all debts are excused correct?

Not student loans. But by all means in a time of difficulty of getting money limit your opportunity to create wealth.

-edit-
Mugs already nailed it. OP - I don't think you understand what bankruptcy is.

 

[Skeeedunt]

You'd never make it.

 

[Rhonda the Sly]

Well, there went the only potential upside to a total financial meltdown.

 

[overst33r]

just file for bankruptcy

 

[Eeezee]

Student loans would be the last of your problems

 

[AlienCraft]

100% if you have that one bullet left I spoke of.

 

[ch33kym0use]

We can save it.

 

[JasonCoder]

Originally posted by: Eeezee
Student loans would be the last of your problems

No shit. If things totally crater you had better arm yourself and break out the camping gear my friends.

 

[Jeff7]

100%.

You need at least an 8-digit income to qualify for a bailout or golden parachute.

 

[Insomniator]

Originally posted by: senseamp
if?

..right

 

[RichardE]

If it gets to the point where you don't have to worry about Student Loan debt...


You will wish you did have to worry about it.

 

[Locut0s]

Umm it's sorta called a crisis specifically because you still have to pay off your debts. You just won't be able to hence the crisis.