The Debt Collective was born out of the Occupy Wall Street movement and helps people dispute debts with a goal of cancelling their loans. It currently has over 700 people pledged to never repay their student loans. Watch this video to hear from borrowers who are planning to never repay their loans and to learn what consequences they may face. Subscribe to CNBC Make It.: … [Read more...]
Paying Off $102K In Student Loan Debt
Americans have nearly $1.9 trillion in student loans. And it will take 18.5 years for the average person to pay off their college debt. Mandy Velez did not want to wait that long. Velez, 28, graduated from the University of Pittsburgh in 2013 with more than $75,000 in student loans. The Philadelphia native had taken out a total of five loans ranging from $7,500 to more than … [Read more...]