from Hacker News

"I've not repaid a penny of my £70K student loan since leaving Britain"

by Jhsto on 8/20/24, 11:46 AM with 15 comments

  • by elzbardico on 8/20/24, 12:17 PM

    7.9% annual interest?? I read this correctly? In the current world economy? No wonder people who can avoid paying it are doing exactly that. I just hope they are saving this "extra" money as a reserve on this layoff rich environment instead of mindlessly consuming it.

    Sometimes you just have to admire the aesthetical and artistical aspects of this aggressively predatory world created by fine humans such as Thatcher, Reagan, Clinton, Jack Well and Carl Icahn. This human meat-grinder system is surely a beast to behold: "Don't wait, get them while they are young! it's the most efficient thing to do, slave them with compound interest as early as possible! why wait until they start a family and get a mortgage to fleece them?

  • by 0xbadc0de5 on 8/20/24, 12:19 PM

    Seems highly entitled and irresponsible. Sure, student loans have become somewhat predatory, but sticking honest, hardworking taxpayers with debt you acquired through poor decisions and planning doesn't feel like the right way to remedy the situation.

  • by jmclnx on 8/20/24, 12:30 PM

    I believe eventually this will catch up to you.

    I know someone who did the exact same thing in the US. The loan was from the late 70s, and the loan was around 70K USD. By around the 90s or so she was blacklisted from decent jobs due to here credit report.

    She finally paid it off in the early 00s, but the damage was done. So be careful with this. I do not know how things work in Europe, but I would not be surprise if the something like this will start happening in Europe.

  • by batch12 on 8/20/24, 12:02 PM