Sallie Mae loans
Posted by agentpurplek1@reddit | studentloandefaulters | View on Reddit | 4 comments
I have three student loans from Sallie Mae $100,000 $20,000 $15,000 this one has a co-signer
I’ll finish school in a couple months and won’t have anyway to make these payments for at least 4 years. If I defaulted on those first two loans but kept paying the one with my co signer how does that affect the status of limitations? I would assume they are all treated separately. I don’t want to default on the one with the co-signer.
I’m a dual citizen and also have the ability to just move to another country.
rharrow@reddit
Why won’t you be able to make payments for 4 years?
agentpurplek1@reddit (OP)
My school was to become a pilot and I basically will make no money for 4 years unless the job market improves significantly.
Generation__Why@reddit
Sallie Mae is Federal. You will be a high earner anywhere you work by their standard. They will garnish your wages after you enter default. There is no statue of limitations for this type of loan.
American citizens are expected to pay taxes if they live outside of U.S. If you want to lose your citizenship and access to America so you can screw your lender it's a pretty short sighted choice.
Eat nothing, pay the loans, have a successful life with access to credit. This is a shitty plan.
TWOscore11@reddit
Fly away