Give me ONE good reason why I shouldn't take out 100k in loans from Sallie Mae for "school"...

>live off of 10k/yearly

They have Sallie Mae in Ethiopia?

>trade school for free
>make bank

close, but not exactly

Because they clear the funds through your university. If the university tells them that you're not enrolled full-time (usually 12 credit hours per semester) for a period longer than 6 months then they start to send you repayment bills. If you try to hide then they can follow you to other countries due to Sallie Mae being federally owned it operates as a federal entity like Fannie Mae or Freddie Mac.

You can also only get approved for whatever your credit worthiness is unless a parent cosigns with you in which case once you bite the bullet or disappear your parents will be forced to repay your loan(s).

Good luck mate.

>live off of 10k/yearly

Take that money and move to Thailand or some other cheap as fuck locale.
Use half of it to start a Veeky Forums there.

how about you use the funds from the loan to buy a gun, then you kill yourself without having to pay anything.

Not student loans.

I'm Canadian but I don't live in Ontario right now, can I just come to Ontario when this starts and get this shit? Or do you have to have been a resident for X amount of time?

Does anyone know if Canada accepts British refugees?

Just blow it all in a year, why live like a miser if you're gonna /quit anyway?

You have to maintain a certain course load and GPA or you lose the loans.

You actually have to be motivated to improve your life for your plan to work. So I don't think your plan will work.

Enlist if you wanna get killed.

How the fuck do I move to Ontario from Washington DC, USA? I've got a 16 year old car, $1k in the bank, and 1.2 BTC.

Live one really good year

you need to learn to invest money and you could easily liff off that 100k, work from home. 2% per month would mean 2k. That being said, 2% isn't even much so it should be easily achievable with the proper education. You can learn trading online.

Invest 5k into learning how to daytrade for 5-6 months.
Daytrade and learn to make 2% profit per week.
Your starting salary will literally be 100k a year from a 5k investment.

Just don't go YOLO on a meme stock and lose 50k in 4 hours.

Don't think you can discharge Sallie Mae

london ontario here

cant wait to live at home while working a part time job and just get a free 20k to put into investments :^)

You'd probably need a cosigner on the loan and you would leave them with the debt. Would you want to leave that on your parents?

I also think that the loan needs to be communicated with a college who would verify your enrollment. They would do this to make sure somebody doesn't just blow the money on cocaine and hookers.

This is not going to end well. They will need to ensure that NEETs from around the world don't flock to take advantage of the system.

It should be designed for the people who are actually needy in Canada. Not poor lazy ass people who can't get off their asses from browsing Veeky Forums all day.

lol good luck getting even a $100 loan from a bank after you default on $100k in student loans

>Daytrade and learn to make 2% profit per week.

Nice handwaving there.

Yes! All the parasites around the world will flock to canada. Pls take all of our Bernie pieces of shit!

You should.

>Living off 10k a year

Consider the following instead
>do something productive
>establish a reputable source of income
>build your credit score
>take out a mortgage for one million dollars
>live off $200k a year for 5 years
>kill yourself

You can have a lot of fun with $200k a year

>loan needs to be communicated with a college

This. Student loans get disbursed directly to colleges, then if there's extra money, it goes to you. If you don't show up/fail, they unenroll you and the lender will not let you take out more loans.

>take loan
>invest in stocks
>pay off loan
>repeat