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When Unpaid Student Loan Bills Mean You Can No Longer Work

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19 days ago - Tuesday 11/21/17 - 7:06:40 PM EST (GMT-5)
https://www.nytimes.com/2017/11/18/...

"Fall behind on your student loan payments, lose your job.

Few people realize that the loans they take out to pay for their education could eventually derail their careers. But in 19 states, government agencies can seize state-issued professional licenses from residents who default on their educational debts. Another state, South Dakota, suspends driver’s licenses, making it nearly impossible for people to get to work.

As debt levels rise, creditors are taking increasingly tough actions to chase people who fall behind on student loans. Going after professional licenses stands out as especially punitive.

Firefighters, nurses, teachers, lawyers, massage therapists, barbers, psychologists and real estate brokers have all had their credentials suspended or revoked."
19 days ago - Tuesday 11/21/17 - 7:35:01 PM EST (GMT-5)
I can’t figure out the logic behind depriving someone a way to make money if they owe you money. How are they going to be in any way better able to pay you if they can’t work in their field.

They probably just want you to take out more loans and retrain.

We need to look at the way debt is handled in this country and our predaliction tword borrowing.

Part of that is looking at the skyrocketing of tuition and fees for school and how they outpace wage growth.
18 days ago - Wednesday 11/22/17 - 6:14:10 AM EST (GMT-5)
I was really surprised by this because of how counter-intuitive it is. You owe me money, therefore I'm going to take away the thing that allows you to make money.

18 days ago - Wednesday 11/22/17 - 7:59:36 AM EST (GMT-5)
It goes back to the old British system of throwing debtors into prison, where they had to pay their own expenses and keeping them there until they raised enough money to clear their debt.
18 days ago - Wednesday 11/22/17 - 12:26:29 PM EST (GMT-5)
On Wednesday 11/22/17 - 6:14:10 AM Spoonerism wrote:
I was really surprised by this because of how counter-intuitive it is. You owe me money, therefore I'm going to take away the thing that allows you to make money.

Exactly what I was goi g to say. It would make more sense to dock their pay (not that at I agree with that).

It's a situation that has more deep seated causes, one being the devaluing of degrees
18 days ago - Wednesday 11/22/17 - 1:36:08 PM EST (GMT-5)
wouldn't garnishing wages ensure they get their money, instead of people losing jobs and those collecting on the loans getting no money at all?
18 days ago - Wednesday 11/22/17 - 1:51:12 PM EST (GMT-5)
I’m ok with garnishing of pay as long as the person meets a certain income threshold and total garnishment from all sources don’t exceed a certain percentage of disposable income. Also garnishments should not pull anyone below the threshold.

Personally I wish payroll deductions would be set up to pay bills. They did it for certain things like car payments with army pay which I thougt was cool.

18 days ago - Wednesday 11/22/17 - 4:04:13 PM EST (GMT-5)
I do NOT want my employer paying my bills, oh HELL NO.

They'd f*ck that up in a heartbeat.
18 days ago - Wednesday 11/22/17 - 4:12:32 PM EST (GMT-5)
I meant could be, I wouldn’t want it to be mandatory. And I could absolutely see the concern people might have. My wife worked for ADP ( massive payroll processer ) and still managed to mess up her and her check.
18 days ago - Wednesday 11/22/17 - 9:11:29 PM EST (GMT-5)
On Wednesday 11/22/17 - 4:04:13 PM Rag_Doll_ wrote:
I do NOT want my employer paying my bills, oh HELL NO. They'd f*ck that up in a heartbeat.


i could see it working in a company with a competent accounting department. some people are forgetful about the number of bills they have to keep up with, and i think rik's idea can work.
18 days ago - Wednesday 11/22/17 - 9:16:20 PM EST (GMT-5)
Accounting != HR, which is who deals with your paycheck.
18 days ago - Wednesday 11/22/17 - 10:21:24 PM EST (GMT-5)
On Wednesday 11/22/17 - 4:12:32 PM Rik_Khaos wrote:
I meant could be, I wouldn’t want it to be mandatory. And I could absolutely see the concern people might have. My wife worked for ADP ( massive payroll processer ) and still managed to mess up her and her check.


ADP prints my paychecks.
18 days ago - Wednesday 11/22/17 - 10:24:52 PM EST (GMT-5)
There are different facets of accounting and it always amazes me how people don't know the difference between even A/P and A/R, haha. I used to have to ask because those were two different people back in the day and people would go "uh........". A person that is assigned to Payroll is generally who processes hours for paychecks unless the company is super small.
18 days ago - Wednesday 11/22/17 - 10:28:31 PM EST (GMT-5)
My first real job out of college was actually at a super-small company where the HR manager and the A/R person were one and the same. It was horrible for her, and as I stayed there longer, I started absorbing a bunch of her HR tasks because doing both was just way too much for one person.
18 days ago - Wednesday 11/22/17 - 10:29:38 PM EST (GMT-5)
I could definitely see that.
18 days ago - Wednesday 11/22/17 - 10:31:29 PM EST (GMT-5)
Those should never, ever be the same person, tbh. Both of them are full-time jobs. But she was just really smart and capable, and also unwilling to say no when the owners would ask her to take on more duties. Quite honestly, she was the best person in that company for BOTH of those positions, and the ideal situation would have been to clone her.
17 days ago - Thursday 11/23/17 - 12:09:56 PM EST (GMT-5)
On Wednesday 11/22/17 - 6:14:10 AM Spoonerism wrote:
I was really surprised by this because of how counter-intuitive it is. You owe me money, therefore I'm going to take away the thing that allows you to make money.


Perhaps it is intended to be more of an incentive for people to pay rather than an expectation that they pay without their job.
17 days ago - Thursday 11/23/17 - 12:32:50 PM EST (GMT-5)
Garnishing wages makes a whole lot more sense than this, period.
17 days ago - Thursday 11/23/17 - 12:41:07 PM EST (GMT-5)
That’s a pretty poor incentive. If you are the reason I lost my job i’m Pretty much taking care of your bill last.


An incentive especially for student loans would be reduction in interest for auto pay ( which i’ve Seen) or a reduction in interest for a number of on time payments.
17 days ago - Thursday 11/23/17 - 4:53:47 PM EST (GMT-5)
I agree with Rik.

That's a pretty crappy incentive. Especially when the consequence of it is that the person cannot pay at all and loses the opportunity to be able to in the future.
16 days ago - Friday 11/24/17 - 9:46:35 AM EST (GMT-5)
The presumption is that people should be able to pay, but are choosing to not.
16 days ago - Friday 11/24/17 - 9:57:13 AM EST (GMT-5)
That presumption is often wrong.
16 days ago - Friday 11/24/17 - 10:34:05 AM EST (GMT-5)
surprise
16 days ago - Friday 11/24/17 - 12:08:43 PM EST (GMT-5)
On Friday 11/24/17 - 9:46:35 AM CowDung wrote:
The presumption is that people should be able to pay, but are choosing to not.


most people do intend to pay. i was surprised CA was on this list. i don't think it's enforced in this state though.

i don't know why they would use a woman with six kids for an example, though. that's an outlier, and i don't think most people have six kids or more nowadays.
16 days ago - Friday 11/24/17 - 3:25:12 PM EST (GMT-5)
The presumotion is that if the debtor won't pay then someone else in their family might bail them out.

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