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By W.C. Varones (Reporter)
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You Walk Away, student loan edition

Monday, October 29, 2018 7:47

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Back in the housing crash, there was a phenomenon known as “jingle mail” or “you walk away” where sad, underwater homeowners solved their problems by defaulting.

Now You Walk Away comes to student debt.

He now lives in a concrete house in the village of Uchakkada for $50 a month. His backyard is filled with coconut trees and chickens. “I saw four elephants just yesterday,” he said, adding that he hopes to never set foot in a Walmart again.

His debt is currently on its way to default. But more than 9,000 miles away from Colorado, Haag said, his student loans don’t feel real anymore.

“It’s kind of like, if a tree falls in the woods and no one hears it, does it really exist?” he said.

Source: http://www.wcvarones.com/2018/10/you-walk-away-student-loan-edition.html

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