Thousands of student loan borrowers are refusing to repay their loans in “protest” even though they have already stopped paying for three years due to the pandemic.
Why do these people refuse to pay? It's very simple. Biden gave them the idea that their loans would be forgiven, in other words, taxpayers would pay for them. He has been running around the Supreme Court in an apparent attempt to bribe young voters.
What would happen if people across the country stopped making payments on home and car loans? Will the Biden administration subjugate them too? It is unlikely.
Fox Business Network reports:
Some student loan borrowers refuse to repay in protest
Millions of borrowers with existing student loans still haven't made a payment since bills resumed in October after a three-year hiatus, and some admit they're refusing to pay in protest.
In an Intelligent.com survey this month of 1,000 federal student loan borrowers, 25% said they had never made any payments, and 9% said they were intentionally delaying paying their bills in an effort to pressure the government. To cancel their debts.
Of the nearly 1 in 10 delinquent borrowers participating in this “boycott” of student loan repayments, 44% said they believe their protest will lead to some federal student loan debt being canceled, and 28% believe a boycott is “likely” and the survey found that the government It will convince the government to cancel all student loan debt…
Financial experts advise against missing student loan payments for any reason.
“While the frustration behind the student loan boycott is understandable, it is unlikely to lead to positive change,” Jake Hill, founder and CEO of DebtHammer, told the outlet. “Instead, it will destroy the credit history of those who choose to participate. This may not seem like a big deal in the short term, but failing to repay your student loans could make it more difficult to obtain financing for future purchases.”
Biden has not slowed down on this issue. He's still going.
Biden administration set to cancel student loans for some borrowers in February https://t.co/RSGvvjiemP pic.twitter.com/gioWai9VTz
– KTLA (@KTLA) January 12, 2024
Some Americans' student loans will be canceled in February as Biden accelerates his new plan https://t.co/Hd0RhQ1Twb
– Associated Press (@AP) January 12, 2024
This is why some people do not repay their loans. They believe Biden will make others foot the bill for them.
