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Need some help navigating the recent news that married couples student loan rates are going to increase [US]
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Derpenheim lemmy.zip Derpenheim@lemmy.zip
Joined: 2025-03-07
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Put aside what you think about this news, this is likely going to happen as the admin doesn't care about legal challenges, they just implement policies.

I own my home, fixed rate mortgage, and I own both of our cars with no remaining payments. From my understanding, should I cease payments on the loan (they are privately owned debts) I can be sued for the debt and then wages garnished. My credit score will also suffer from a default, but again I own everything I have or it's on a fixed rate.

What does this process look like, and what are the tangible consequences for me?

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