If you're thinking about not paying your student loans, there are a few things you should know. First, it's important to understand that student loans are not dischargeable in bankruptcy. This means that even if you declare bankruptcy, your student loans will still be due and payable. Additionally, if you stop making payments on your student loans, you will go into default. Defaulting on your student loans has serious consequences – your credit score will suffer, you may be subject to wage garnishment, and your tax refunds could be withheld. In short, defaulting on your student loans is not a decision to be made lightly.
That said, there are some circumstances in which it might make sense to not pay your student loans. For example, if you are experiencing financial hardship or have low income, you may qualify for an income-driven repayment plan which would lower your monthly payments. Additionally, if you work in certain public service jobs or for a non-profit organization, you may qualify for loan forgiveness after 10 years of payments (although this is taxable as income).
Ultimately, whether or not to pay your student loans is a personal decision that depends on your individual circumstances. If you're struggling to make ends meet and are considering not paying yourstudent loans, it's important to speak with a financial advisor or attorney to discuss all of your options and potential consequences before making any decisions.