![]() ![]() With no statute of limitations on federal student loans, it does not matter when you return to the country – the government can always take you to court. Meanwhile, for people focused exclusively on the possibility to escape their student loan debts, moving abroad is not the solution they expect unless they plan to never return to the United States again. Others, on the other hand, may prefer to move to countries with better job opportunities that allow them to more easily increase their income. Some people may be tempted to move to less developed nations where the low cost of living would allow them to save a lot more money in a short period of time. One of the most recent rumors circulating among college graduates looking to avoid or postpone paying off their loans is that you can eliminate your student loans by moving abroad.įor those wondering how to get out of student loans, leaving the country seems like the first and most attractive solution. Instead of testing the waters and finding the best path for themselves, many recent grads take the first job opportunity to be able to get out of their massive student loan debt as fast as possible.Īs a result, many young graduates are looking to escape student loans in one way or another. The problem with these student loans is that they don’t allow young people to take risks, test different career prospects, or follow unconventional dreams – especially when they don’t have a spouse or kids to worry about. As the cost of college rises, more and more students are taking out loans to get their degree, and even successful people aren’t paying them off until they’re well into their thirties, forties, or even fifties. ![]()
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