nidena
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Post by nidena on Feb 14, 2019 10:49:39 GMT -5
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raeoflyte
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Post by raeoflyte on Feb 14, 2019 11:14:06 GMT -5
In theory I could get behind it, but I agree with this from the article:
However, Barmak Nassirian, director of federal relations at the American Association of State Colleges and Universities, called the proposal a "detour from real reform."
"This is a system rife with fraud and predatory lending," he said. Some borrowers might also have an issue, he added, with their employer knowing the details of their debt.
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TheOtherMe
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Post by TheOtherMe on Feb 14, 2019 11:55:59 GMT -5
When I was the bookkeeper for a women's clothing boutique, one of the saleswomen had no intention of ever paying off her student loans for getting a master in fine arts. Since she mostly answered the phone and was there when the mail was delivered, she was able to put off the garnishment for quite some time.
Of course, when the garnishment paperwork finally came through, she quit so she wouldn't have to pay her student loan.
She was a UK citizen with a green card. Last I heard, she had inherited more than enough money to pay off the student loan from a relative in the UK. She was trying to get the money in to the US without paying the student loan.
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haapai
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Post by haapai on Feb 14, 2019 12:35:07 GMT -5
The delays in communication between the student loan servicer and payroll and delays in disbursing the withheld funds would have horrifying consequences. It could take weeks or months for a change in payment amount to show up on a paycheck stub. Do folks on IBR or those using a forbearance deserve that kind of uncertainty?
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NomoreDramaQ1015
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Post by NomoreDramaQ1015 on Feb 14, 2019 12:48:18 GMT -5
No. I can't see employers getting behind this that would be a ton of paperwork.
That would make it extremely difficult for me to access my current options regarding repayment.
Right now I call my lender directly.
I don't need my employer to be in the middle and having to make sure they get it right.
The government already has a system to go after people who default. I don't appreciate them nannying me when I'm a responsible borrower.
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haapai
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Post by haapai on Feb 14, 2019 13:00:46 GMT -5
It would also mean that the employer could legally discriminate against anyone who receives another wage garnishment claim on top of their existing wage garnishment for their student loan. Yikes!
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swasat
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Post by swasat on Feb 14, 2019 13:07:12 GMT -5
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swamp
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Post by swamp on Feb 14, 2019 13:16:10 GMT -5
I don't underestimate the government's ability to fuck something up. Are they going to do the same with federally backed mortgages?
I'll make my own payments, thank you very much.
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