Millions of people in the United States who have not paid off their student loans will quickly find that the federal government has them in its crosshairs and it’s a long time coming. People who have outstanding student loans will soon find their paychecks garnished, bank accounts levied and Social Security payment likewise garnished.
As you might imagine, people are crying foul, especially when it comes to the government’s plans to dock Social Security checks. The problem is this: people are claiming that it’s unfair that their Social Security will be affected because millions of elderly people rely on that money for day-to-day life. These same people seem to be under the mistaken belief that that don’t need to pay down their debt.
When people take out a student loan, they promise to pay it back. That’s why they call it a loan, folks. Loans need to be paid back and when they aren’t, bad things can happen. Lots of people are about to experience those bad things. Why do they feel that they shouldn’t settle their debts?
What makes them so special?
Payments were halted during the pandemic and those protections continued even when the pandemic was over. Well, now it’s time to pay the piper and a lot of people think that, for whatever reasons, they don’t need to pay back the loans just like a decent person would.
The lack of money excuse doesn’t do anything for me. These people made a promise. They should have projected into the future and consider a possible inability to take out a student loan. Even so, these people, whom I consider to be leeches and welshers, need to step up and set things right.
It’s appalling to see so many people outright state that they shouldn’t pay back loans just because they may have fallen on hard times. They’ve been given numerous chances over the past few years to live up to the commitment that they made. And now that the government is coming after them, they want to play victim.
I think the government is acting fairly. Of course their paychecks should be garnished. Of course Social Security checks should be seized, at least in part. And it’s absolutely fair game to levy bank accounts, investment accounts and so forth.
The bottom line is that if you take out a student loan, you should pay it back without making excuses and without playing the victim card.