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/biz/ - Business & Finance

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3504399 No.3504399 [Reply] [Original]

is it possible to escape student loans by leaving the U.S and just starting a new life in another country? i speak spanish so i can start a new life in any south american country. i was thinking costa rica

>> No.3504414

>>3504399
yes, but you can never come back.

>> No.3504415

>>3504399
pay your debts,, scum

>> No.3504419

>>3504399
I think if you join the peace corps they forgive some of your student loans

>> No.3504448

I'd be heading to central America if I were you. Costa Rica is awesome. I have a flight there next month

IMO, college is a huge scam so I would feel no remorse fucking them over.

Follow your heart OP

>> No.3504479

You need to be in a country that the us does not extradite you. So you either have to get across the Atlantic or Pacific. Go to like China, Africa Russia, etc and avoid uncle Sam.

>> No.3504481
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3504481

>>3504399
Probably over 50% of current millenals will never be able to pay their student loans. Usa is one fucked up country their government dont protect stupid kids at all they all walk into the college debt scam blinders on

>> No.3504518

>>3504479
Except Russia and China do not accept poor fucks in their nations, that why they don't have niggers btw

>> No.3504545

>>3504481
yep , they would rather help the rats at israel before their own people

>>3504479
they might know where i am if i buy a one way ticket to another country. best bet would be to drive south of the border.

>> No.3504571

>>3504481

>they don't protect stupid kids
>government regulates crypto
>reeeeee

>> No.3504574

>>3504399
Argentina/Chile, maaaaybe South of Brazil (Curituba/etc...) are the only real alternatives.

>> No.3504579

just make minimum payment for 25 years then you're forgiven. just pay tax on forgiven amount

>> No.3504591

>>3504545

You shouldn't assume that you would be allowed to board a flight with a one way ticket to another country anyway. It is forbidden by most airlines.

>> No.3504610
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3504610

>>3504574
>>3504579
>>3504591

How much do I need realistically saved up to retire in one of these shit holes and live comfy with some whores? 500k ?

Help /biz/ .

>> No.3504617

>>3504579

This is not actually bad plan.

>> No.3504641

>>3504610
u.s dollar has more value there. most americans go south of the border to retire because cost of living is cheaper.

>> No.3504657

>>3504610

Sure, if you plan on dying relatively young and spending no more than like $15 000 per year.

>> No.3504699

>>3504617
nope. then just take a payment plan with the irs... continue making minimum payments... unless you're a retard it's hard to get fucked in the US because of all the gibmedats

>> No.3504732

>>3504657
You could invest the 500k and have a decent chance of making 10% annually. Even a conservative 5% would give you a continuous 25k income which could be a lot in some countries.

>> No.3505003

Yep.

t. I did this

>> No.3505020

>>3504419
They forgive it all, but you have to stay in for 10 years. OP would be better off joining the military for 4 years and using the GI bill to forgive all his loan debt

>> No.3505070

>>3504610
You need a realistic $1500 a month in most "cheap" countries to live a quality of life resembling what welfare recipients in the US enjoy. Ultra cheap countries like Vietnam you can get by on 1k a month, but there really isnt any way to live anything remotely like you would in the US

>> No.3505172

>>3505003

Story?

I would love to do this.

>> No.3505592

>>3504732

5% isn't conservative, investing for retirement is playing the long game and it is easy to lose money in a calendar year even if you've invested wisely

>> No.3505603

take the MGTI Pill.

>> No.3505640

>>3504399
>>3504610
You would need to claim asylum in a country that will not let you be extradited. Basically you're going to have to go to russia.

>>3504481
That's a little inflated. Its not that hard to make money.

>> No.3506480
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3506480

>>3505592
If you can't make a consistent 5% annually when the historical average is 6-7% then you suck lol.

>> No.3506491

>>3504481
That is why I will pay the bare minimum even though my loan amount is very very manageable. Why should I pay my loan off when faggot McFuck who majored in history cant pay of his?

>> No.3506723

>>3504479
Extradite? Lol idiot
It's not illegal to have a debt
Move to a country without debt collectots

>> No.3506763

>>3506480
Historical average is driven up massively by the last 15 years low interest environment.

Measure historical average until before the dotcom bubble and the tale is different.

>> No.3506779

>>3504399
say hello to.Miguel Sanchez

>> No.3506825

In the grand scheme of things, your student loans are so insignificant compared to debts that are over $500K-$1mil.

The gov't would not bother to go try and find you if you seriously left the country to start over somewhere else.

why you should listen to me:
i owe around $40K in student loans and haven't paid a cent since 2014. The Treasury kept garnishing my tax returns. The next step would be them garnishing my wages, so I quit my wagecuck job. I still live in the USA, and the IRS/Treasury still mails me paper collection notices and bills but I just nignore them. They still have not come after me (yet) but eventually they will, and by then I'll be in Tijuana getting my dick sucked.

>> No.3506860

>>3505070
This is so untrue. In Greece you can rent a 1 bedroom for less than $250 a month. Food is also way cheaper. South africa is the same, you can get by way cheaper.