Hacker News new | ask | show | jobs
by namelessoracle 1559 days ago
Student loan debt has been in de facto default for awhile now in terms of collecting the interest payments. So we already "know" the impact that would have. It also CANT be defaulted in the sense of extinguishing the debt, because the government will just garnish future wages and earnings, including social security checks.
1 comments

Interesting. I wasn't aware it'd been in a state of default. What's a good resource to get up to speed?