Defaulting on figuratively speaking continues to be an idea that is bad

Published: 8, 2015 3:48 p.m. ET june

Is walking away from your figuratively speaking the brand new United states Method?

JillianBerman

Writer and tradition critic Lee Siegel ignited a firestorm on social networking within the weekend as he admitted in a brand new York occasions op-ed that he willfully defaulted on their student education loans. But that’sn’t an approach that is viable many borrowers burdened by the fat of the training financial obligation.

Siegel recounted their decision to just take in a student-based loan at the ripe senior years of 17, your family circumstances that needed him to battle another along with his choice to default on their loans in the place of getting into a profitable, but less-fulfilling profession that could are making it simpler to pay off their debt. Continue reading