Willie Haynes Jr, a 59-year-old marble cutter earning $10 an hour, was just informed that his wages will be garnisheed to pay off a $434.52 student loan from 1964.
"He's a productive part of society, and you want to beat him down? It's sickening," said Cal Lincoln, a former boss. "Leave him alone."
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2 comments:
at 5% over 40yrs that's over $3,000 in present day value. should they just take the loss? if everyone borrowed and then didn't pay back, would anyone lend?
Sorry, you take out a loan - you have to repay
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