Quote: (01-21-2011 01:49 PM)Samseau Wrote:
Quote: (01-19-2011 11:37 PM)BostonBMW Wrote:
Quote: (01-19-2011 09:11 PM)Samseau Wrote:
You can work the system without becoming a fugitive.
http://studentaid.ed.gov/PORTALSWebApp/s...BRPlan.jsp
That only applies for Federal Loans. Most students with such a high loan amount also have private loans with very different repayment rules.
Also, you can't exactly be called a fugitive if you leave the country - not paying off your debt is not a criminal matter in the eyes of the law. Morally you can make that argument.
True about it being only for Federal Loans. If you are stuck with a lender like Fannie Mae, I would jump ship asap.
btw: Not paying off your debts is theft from the debtor. Stealing is against the law.
Bro, legally speaking, not paying your debts is not a crime - meaning that they can't jail you for it or prosecute you in a criminal case. The worst you can face is the garnishments, taxes withheld, harrassing phone calls/letters. Honesty all of these scenarios are horrible, but not the end for most people.