to pay or not to pay?

Hi KK,

The first question you have to ask is will repayment of this loan under the conditions presented by the bank seriously effect your ability to function as a human being, fiscally as well as emotionally. That's one.

Noone should expect someone to pay if they are unable to. Now comes the second question. Is it a situation where you are unable to pay or you simply don't want to. This is pretty important.

If you check around this site, you'll find quite a few distinct opinions on the concept of repayment. Noone can tell you what the best situation is for you.....except you. My only advice to you is to make an informed decision....whatever that decision is.

Koruptkitten,

I would encourage you to pay what you can, if you can, under your current circumstances.  Playing the "what if" scenerio will pretty much drive you crazy. 

There are ways through this! There are a lot of members on this site that can offer great advice.

Student debt is not the end of the world...even though it often feels like it is.  It can be manageable!

Good luck!

koruptkitten wrote: Anyway, to cut this short: I just don't want to pay.

I rest my case.

Let me see, you borrowed 40 thousand dollars but feel that paying it back might interfere with your plans to buy a house, so you just don't want to pay it back.

The people on this site have been demonised as being a bunch of deadbeats who borrow money and just don't want to pay it back. They have been made to suffer unbearable stress and have been subjected to illegal and brutal measures because of that perception.

And you want us to advise you on what is the best course of action for you actually to live up to that stereotype.

Yes, I feel you should have gotten (sic) an education. Why didn't you?

Did I miss anything?

This as a forum for those who have been abused by the system, not one for those who want guidance on how to abuse it. Go find another forum for advice on how to steal, Kitten; by and large, the people here are not thieves, don't want to be accessories to fraud and have some sense of ethics.

As far as your education is concerned, I was not referring to your occupation or anything else about which I know nothing and wish to know even less. I was referring to your demonstrably low level of literacy and your complete inability to understand even the most basic principles of morality or ethical behaviour.

Thanks for dropping in.

The inequities in the system that you are telling us about are well known to us, Kitten. You're preaching to the choir.

But, try a little honesty here. You didn't start out by saying that you had been unfairly or unreasonably treated by the student loan system, did you? You started out by telling us that you just didn't want to pay the money you owe. You had a number of reasons. You want to buy a house. You might want children. It's just more than you feel like paying.

What you asked for was advice on how to get away without paying. Should you hide under a rock? Just ignore the legitimate and reasonable requests that you honour your word?

Here's a radical idea! Just pay your debts. In the event that you are abused by the banks, we'll be here. If the collectors or HRDC or anyone else breaks the law or screws you in any other way, let us know. The public perception of student debtors is that they are all like you. Thank god that isn't true. But those who are like you have made the rest of the people in the forum suffer in ways you can't begin to imagine.

And I never insulted your intelligence. I commented on your appalling level of literacy. For all I know you might be brighter than one would deduce from your writing.

1)   One can be a total illiterate and have intelligence. That's just a fact, Kitten. I don't know (as you pointed out) whether you have any intelligence, but your literacy isn't all that impressive. That's not, by the way, intended as an insult, merely an observation.

2)    I'm not harassing you. I'm responding to your posts. If you're not getting the responses you want, perhaps you ought to supply me with your desired response and I'll post it back to you. Or you could just talk to yourself and save us all the trouble.

3)    Paying back those from whom you borrowed the money is obviously the "most productive" way of dealing with a debt. It strikes me as disingenuous at best to suggest that you learned from this website that the "most productive" course of action would be to choose to default on a loan when you are in a position to honour your obligations. To use the fact that the people on this site have had unpleasant dealings with collection agencies, lawyers and banks as an excuse to rip off a lender is sleazy. It's also insulting to those of us who are making or have made every effort to do the HONEST thing.

4)    That the public's perception of student debtors as dishonest and/or irresponsible contributes to their persecution and prevents the government from summoning the political will to address the issue is far from being "overly simplistic". Derogatory, certainly. It was intended to be derogatory towards those who contribute to the suffering of my friends on this site and who, incidentally, have actually contributed to some people's deaths.

5)     The purpose of a forum is to engage in dialogue. I will reply to any post that I feel needs a response. Yours sure do.

 Johnny needs to learn how to spell... and connect sentences properly while in java-mode.

 That is on my to-do list.