Not paying off U.S. student loans

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Re: Not paying off U.S. student loans

Postby tomthorne » 03 May 2012, 09:49

GuyInTaiwan wrote:What don't you people get about this? I was not the one who dishonoured the contract. Hess stated certain things in their contract. They then changed some of those things. Thus, they were the ones who broke the contract. I walked as a result. I did not initiate the breaking of the contract.



Indeed. It's a complete red herring.

I assume that the OP has done some research.

http://en.wikipedia.org/wiki/Student_lo ... ted_States

It looks to me like defaulting on student loans is pretty much impossible. The debt will just build up and will not be written off. If he returns to the US they'll be looking to get their bit some time in the future.
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Re: Not paying off U.S. student loans

Postby Abacus » 03 May 2012, 10:21

They're really grasping at straws comparing this to a teaching contract. It's legal to break a work contract if you give advance notice. This should actually be worded into a legal teaching contract. it's not legal to fly out of a country with the intention to skip out of what might be 6 figure loan debt. I don't really care about the individual case being discussed. The issue I have with this thread is the extremely careless manner at which people use credit and how they think it will just go away.

I would be interested if the OP has actually consulted with an expert on this matter. He's at least making an attempt to renegotiate the debt but I'm guessing there are some ways that will work and some that won't. Simply calling up your loan company likely won't get great results.
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Re: Not paying off U.S. student loans

Postby GuyInTaiwan » 03 May 2012, 11:15

tom and Abacus: This isn't about red herrings or grasping at straws, it's trolling. They're clearly having a laugh.
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Re: Not paying off U.S. student loans

Postby Teddoman » 03 May 2012, 12:04

GuyInTaiwan wrote:That's why they (Hess) get away with it though: in the main, they're bullying people straight out of college who have little life experience and are in a foreign culture (i.e. easily pushed around). Fuck that. If, or when, more people (foreign or Taiwanese) start standing up for themselves in this country, things might improve. Until then, they'll keep getting away with it. You have to be prepared to turn it into the Siege of Leningrad a bit (something I kind of relish, but which others might not).

I'm totally upset Hess is taking advantage of young people too. Making inexperienced young people sign contracts where they could be penalized NT$20,000 for early cancellation is, like, really really bad. We should go all Seige of Leningrad on them 'cause it might take me a couple of weeks teaching English to pay off that debt if I'm forced to pay the cancellation fee. That's, like, practically forever. No, that's like, practically US$200,000. No, that's like, practically the cost of private college on only the 9 meal plan when I steal cereal and fruit. No, that's like practically treating a politically weak class of individuals about a zillion times worse than a dodgy Cayman Islands corporation owned by kazillionaires who can default on debt by just walking away anytime. Whatever. Maybe you get my point. Or not. I sure as hell don't remember my point but I'm going all Siege of Leningrad! Arrrrrrrgh!!!

http://www.hess.com.tw/careers/english/workload/ wrote:Being a teacher means your job is not finished when the bell rings. For many of you this position will have more work outside of “working hours” than you are used to.

OK, yeah, I kind of knew what I was getting into when I signed that Hess contract. No, I really totally knew what I was getting into when I signed that Hess contract. But knowing what I was getting into before I sign a contract doesn't matter. It's kind of a he said she said situation. I know that they know that I know that they don't know that I knew but won't let them know that I knew. 'Cause it's what is in the actual contract language. Moral obligations are only what's actually in the contract language, and after you've extensively reviewed the labor law to see if there are any counterclaims and defenses, and after you've like made them submit every time card you ever got stamped for like months and months even after they have to drag out boxes from storage and uses all kinds of man hours to do so, and after they paid for a lawyer to come to the hearing. After that it's not a moral obligation. If I can go all Siege of Leningrad on them with legal technicalities until they realize how expensive it will be to collect from me, then I win. And if I win, then they broke the contract first. 'Cause I said so. 'Cause that's how it works. Siege of Leningrad => I get to lord over any and everybody. 'Cause I went all Siege of Leningrad on them. And once I go all Siege of Leningrad on them, then that means they broke the contract first. 'Cause I am Leningrad. Ich bin Leningrader. Freakin morally bankrupt Westerners. Arrrrrrrrgh!!
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Re: Not paying off U.S. student loans

Postby tomthorne » 03 May 2012, 12:21

What?

The HESS contract was illegally changed. The OP's student loan contract hasn't been illegally changed - it's the same now as when he signed it. Whatever, the OP can do as he pleases but IMO he's making a big mistake in the long run. Regardless of morality, ceasing repayments on a student loan is daft.
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Re: Not paying off U.S. student loans

Postby bigduke6 » 03 May 2012, 13:30

If you have the brains to go to Uni, you should have the brains to ask about the provisions/terms of the loan you don't understand before you take it. This is logical.

Before I sign anything that involves $$$, I will go through each provision. If I do not understand, I will ask.
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Re: Not paying off U.S. student loans

Postby Zla'od » 03 May 2012, 14:10

The OP has stumbled upon a red-flag issue which, like homosexuality, arouses strong emotions in posters who enjoy voicing support for "establishment" positions as a means of psychologically compensating for their own socio-economic marginality.
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This post was recommended by Tomas (03 May 2012, 14:24)
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Re: Not paying off U.S. student loans

Postby bigduke6 » 03 May 2012, 14:45

The "establishment" ALWAYS gets it's money. If enough decide not to pay their loans they will just pass it on to future debtors through higher interest rates.

You default now, someone gets f*&ed harder later.
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Re: Not paying off U.S. student loans

Postby Teddoman » 04 May 2012, 04:44

Think I might have been a little harsh on GuyInTaiwan satirizing his Hess situation. I discovered earlier in the thread that he is in favor of pre-loan counseling. But then I don't get why he thinks it's such a moral failing when he can see how big educational debt can be and the life significance of such a large perpetual debt compared to the level of educated, informed thought that went into it, which he admits was lacking.

Anyway, it's not just GuyInTaiwan, who has been taking one for the team, like the OP. Plenty of other high and mighties here too whaling away on the OP.

I like Zl'ad's theory, though my own take on it is that marginal socio-economic positioning might also make everyone here that much more sensitive about debt (because a lot of people might have it). Not trying to knock anyone who has debt, as that's a reality for a lot of people. But maybe there is some element of people getting really worked up when they see someone who they perceive as getting off easy when they're toiling away really hard on their own debts. The unfairness of that probably burns a bit harder for someone like that.
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Re: Not paying off U.S. student loans

Postby silmanor » 04 May 2012, 07:08

Teddoman wrote:I like Zl'ad's theory, though my own take on it is that marginal socio-economic positioning might also make everyone here that much more sensitive about debt (because a lot of people might have it). Not trying to knock anyone who has debt, as that's a reality for a lot of people. But maybe there is some element of people getting really worked up when they see someone who they perceive as getting off easy when they're toiling away really hard on their own debts. The unfairness of that probably burns a bit harder for someone like that.


Well said. I feel like the flamers are dying out and slowly we're getting more reasonable over here.

The biggest irony of this thread is that I have spent my entire life working, since I was 14 years old, and these flamers are talking to me like I'm some sort of deadbeat baby murdering welfare moocher. I worked the entire time I was at college, to pay for my living expenses. And now, I am pulling 50+ hour workweeks, including transportation time - but still, I can't pay off everything I owe without condemning myself to live in a cockroach trap with dirty childish foreigners. I have not worked my whole life to live like that. Simply ain't gonna happen, if there's anything I can do about it.

The good news, for my part, is that a bit of my burden has been eased, as I got a letter yesterday from Sallie Mae about their adjusted terms in light of my present income. I haven't heard back from DirectLoans yet, though, and they have the lion's share of my debt.

Amazing how simply asking an honest question can incite a self-righteous riot, eh? Although I suppose such things are rampant on anonymous forums. Makes me think of 4chan :bravo:
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