Student Debt Burdened Them, So They Moved Abroad and Stopped Paying
https://www.nytimes.com/2026/04/04/business/student-loans-abroad-default.html
Student Debt Burdened Them, So They Moved Abroad and Stopped Paying
https://www.nytimes.com/2026/04/04/business/student-loans-abroad-default.html
People in The Netherlands have done this. They go to S/E Asian countries to skip out on a €30,000 debt. After a while your passport becomes invalid which makes travel very difficult. And with the outstanding debt you are not able to get a new passport.
Which is dumb, because you only have to pay off the debt if you are able to, interest rate is very low, you can pause it for a few years and after 35 years the loan is automatically forgiven. It's not a big deal. Completely uprooting your life to skip out on a €50/month payment is insanity but people see that €30,000 number in their portal and freak out about it.
Approximately 25,000 emigrated debtors are currently untraceable by the student debt collector.