Student Loans
in Banking, Insurance & Loans ·
I’ve been scratching my head over one specific thing regarding student loans.
If someone takes out a loan to study abroad, finishes their degree, and then lands a great job overseas and decides they don't want to pay it back, how does the bank actually collect? Since they can't exactly go after someone's bank account in another country, I'm curious how that works in practice.
🤷
If someone takes out a loan to study abroad, finishes their degree, and then lands a great job overseas and decides they don't want to pay it back, how does the bank actually collect? Since they can't exactly go after someone's bank account in another country, I'm curious how that works in practice.
🤷