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Most Shocking Headline: Graduates Flee US to Escape Student Loans

Graduating with debt isn't the best way to start out in the real world, but it's a reality that many college graduates face. Most grads set up a plan to pay off their student loans within a certain time period, but some of the educated and in-debt have become too overwhelmed by their loans to repay them.

Instead of facing debt collectors, some students with massive debt are choosing to flee the country after they've defaulted on their loans. Grads who escape the US are running away from a problem that won't go away unless they figure out a way to fix it. There are certain cases in which some student loans are discharged or partially discharged because of hardship, and payment plan solutions for those who don't qualify for debt forgiveness — both of these are much better options than seeking a new address in another country.

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comJay comJay 4 years
Ferret , everything the US does is irresponsible. The problem here is the outsourcing to private companies (Sallie Mae) and the dept of Ed. No government should be giving out loans for these 'career institutes'. Their education is shotty and they are overpriced with few grads making at least 30k a year. I see exactly why people end of fleeing the country. The fool who wrote this failed to understand that only in extreme circunstances are loans forgiven. Also, you cannot always get lower payments. And once you default, you're finished. This article was poor. There is no 'let's work with you'.
cheekyredhead cheekyredhead 6 years
I am one of those who can't even get into classes because they are FULL of people...given college handed to them by our gov't (many came here illegally) ....yet I as a taxpayer of over 30 years get to be last in line.
ilanac13 ilanac13 7 years
i wasn't surprised by this one at all to be honest. i knew this girl in college who kept moving to avoid creditors and paying off loans. if they couldn't find her then she didn't have to pay it back. that was her mindset and thought process on that one. too bad it doesn't alleviate the problem.
looseseal looseseal 7 years
Ooh boy. Another thing that contributes to the credit crisis.
Glittersniffer Glittersniffer 7 years
They were talking about this on Suze Orman the other day. A woman's mother was confused about how to handle her legacy, because leaving money to minor grandchildren is not totally safe if the custodian of the minor (in this case, the daughter) has outstanding debt. Irresponsible and rotten...hell, it's theft!
ferret ferret 7 years
wth! that's so irresponsible. i swear, they should start teaching ethics and a sense of community obligation to kids.
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