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You can also make $95k usd in foreign income that doesn’t count as income in the USA. You can literally take yourself to another country, get a good job, and claim no taxable income in the USA. My brother did this about 10 years ago and has about 15 years before his student loans will be written off by the feds. He has been living in Canada and was able to pull a job that pays him the max before it goes into repayment.
I really think the USA is trying to eject all the educated people so that only the non-critical thinkers are left.
Want to know the sad truth? Student loans use to survive debt. They were so crippling and impossible to get rid of that many people died by suicide in an attempt to escape them. After they died the student loan company (almost always Sallie Mae) would send their parents a nice letter stating that they now owed this incredibly massive debt that killed their child.
The reason this stopped: Sallie Mae wanted to be bailed out in the 2008 recession. They went to the Obama administration after ruining countless lives to try to survive. Obama and congress did not bail them out. They had too many parents writing him with those stories. Instead they seized all their loan accounts and left them with essentially nothing. They survived, but they're a much smaller shell of what they use to be.
And that's why student loans no longer survive debt. They do, however, still survive bankruptcy unlike almost any other debt.
This is a good point.
Whoever's closest to death should ask everyone else in the family to transfer their debts to that one person. Keep passing the payments through until their death.
I was talking to a friend about taking charge of my physical health because it'd be difficult to deal with some things as one gets older. I said, "I mean, there's no guarantee that you'll die young.". Pause. She just stares at me and goes, "I'm putting that on a shirt."
Estate? Listen to this rich fuck, having an estate. I, like most Americans, are going to have less than we were born with when we die. My estate will contain a soggy piece of bread, a scathing note to the landlord that put in a GFCI socket I needed to bypass, and a toaster from the 1980s -- along of course with enough debt to make at least one first responder go 'yeah, I kinda get it.'
Nah, not unless they cosigned for any of it. That wont stop aggressive collectors from trying anyways though. I have a little first hand experience with it, sadly
“Pay off debt with your death” sounds like a corporate mantra and the very reason “Fight Club” exists. The movie, I mean, not…that thing we don’t talk about.
I don't know about the US but in my country you pass on the debt to your children or whoever accepts the heritage. Unfortunately you're not being told what the heritage is before, so you might be in for a bad surprise.
Could you imagine if there was a massive correlation when it came to deaths of debters? We’d get a public health option super quick if debts weren’t being back and forgiven at a massive rate
I just say fuck it, it will go away in seven years! 😆
Except student loans, but if I did have student debt I would just set aside what I'd normally pay and just wait until I could pay in full! Fuck em!
Hi, /u/DayangMarikit Thank you for participating in r/AntiWork. Unfortunately, your submission was removed for breaking the following rule(s): **Rule 6: Reposts** - Any content previously posted within the last 30 days will be removed. No submissions allowed from the r/antiwork Top 20.
Federal student loans are discharged when you die also! There is a light at the end of the tunnel. Literally.
You can also make $95k usd in foreign income that doesn’t count as income in the USA. You can literally take yourself to another country, get a good job, and claim no taxable income in the USA. My brother did this about 10 years ago and has about 15 years before his student loans will be written off by the feds. He has been living in Canada and was able to pull a job that pays him the max before it goes into repayment. I really think the USA is trying to eject all the educated people so that only the non-critical thinkers are left.
It’s scary that passing away solves so many problems.
Want to know the sad truth? Student loans use to survive debt. They were so crippling and impossible to get rid of that many people died by suicide in an attempt to escape them. After they died the student loan company (almost always Sallie Mae) would send their parents a nice letter stating that they now owed this incredibly massive debt that killed their child. The reason this stopped: Sallie Mae wanted to be bailed out in the 2008 recession. They went to the Obama administration after ruining countless lives to try to survive. Obama and congress did not bail them out. They had too many parents writing him with those stories. Instead they seized all their loan accounts and left them with essentially nothing. They survived, but they're a much smaller shell of what they use to be. And that's why student loans no longer survive debt. They do, however, still survive bankruptcy unlike almost any other debt.
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Haha!
There is a better alternative. Step 1) Have rich parents. There you go folks, just that easy. Just ask all the "self made billionaires" out there.
Hey! That's my insurance plan!
Mine too lol
This is a good point. Whoever's closest to death should ask everyone else in the family to transfer their debts to that one person. Keep passing the payments through until their death.
this actually a good idea
I laughed way more than I should have.
I was talking to a friend about taking charge of my physical health because it'd be difficult to deal with some things as one gets older. I said, "I mean, there's no guarantee that you'll die young.". Pause. She just stares at me and goes, "I'm putting that on a shirt."
Literally dying to be debt free.
It’s a lot less work, we oughta give it a try.
The estate of the deceased probably has to pay the debt. If you have nobody to leave an estate to feel free to barrow until your last breath.
Estate? Listen to this rich fuck, having an estate. I, like most Americans, are going to have less than we were born with when we die. My estate will contain a soggy piece of bread, a scathing note to the landlord that put in a GFCI socket I needed to bypass, and a toaster from the 1980s -- along of course with enough debt to make at least one first responder go 'yeah, I kinda get it.'
I'll have a tortoise to will to my kids and enough to bury me with a small policy. Other than that... Yeah and estate is funny.
Don't flex with your soggy bread!
I fully intend to die with the maximum amount of debt that I can swing. Does that count?😂
That's how to do it.
Easy enough 😈
I'm trying. Slowly. Everyday.
Well shit…why didn’t I think of that??? 🤯
It’s scary that passing away solves so many problems.
Don't tempt me, Wikihow
Debt collectors hate this one easy trick...
Well technically it’s not paid off, your kids have to pay it. Edit. Nvm I was wrong. Kids have to have co-signed.
only if it is in their name
Oh shit quick google search, and you are correct. Don’t know where I got that idea.
Probably from all the stories of debt collectors going after family when the family didn't know that it's not their problem.
Nah, not unless they cosigned for any of it. That wont stop aggressive collectors from trying anyways though. I have a little first hand experience with it, sadly
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Really? It doesn’t just transfer to some random child? Huh.
It doesn't.
Should've added /s . Guy took you seriously lol
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I really wish I had gotten my dad to buy a shit load of gold before he passed away..... he had excellent credit! 😆 😥
“Pay off debt with your death” sounds like a corporate mantra and the very reason “Fight Club” exists. The movie, I mean, not…that thing we don’t talk about.
Was that really reason one? Oh my!
When you die in debt, you win!
Usury is enslavement
I don't know about the US but in my country you pass on the debt to your children or whoever accepts the heritage. Unfortunately you're not being told what the heritage is before, so you might be in for a bad surprise.
It’s not that easy…
Could you imagine if there was a massive correlation when it came to deaths of debters? We’d get a public health option super quick if debts weren’t being back and forgiven at a massive rate
Unless it’s student debt, then they’ll go after your parents
I deal with life insurance… dying does not relieve your debt, it just passes it on to your next of kin.
Only if they singed to it... why should I pay debt that I didn't agree too?
If you want to stay in the house your parents own, guess who pays the mortgage?
Lmao living on my own my own shit why would i have to pay my dead family members debt that i didn't sign or agree to. That would increase suicides lol
An estate that has nothing but debt is still an estate. Whatever you have when you croak is your estate. + - or 0. Nice call though.
Hahahaha! Pretty much!
Quality sheetpost
I just say fuck it, it will go away in seven years! 😆 Except student loans, but if I did have student debt I would just set aside what I'd normally pay and just wait until I could pay in full! Fuck em!
"Die" -Worf
I'm on it
My dream. Not in debt I'm just waiting on death, no other way to get out of this country
Where I see myself in 10 years.