As someone who’s paid $24,000 over 15 years on a $20,000 loan but the balance remains at $19,000, I can relate. Student loans are scams.
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Borrowed $26k, paid $63k (on time, 15 years) before absorbing into an equity loan and paying off in 5. Criminal. Predatory. Common.
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I was told after 5 years of service in urban ed that I would have 5k forgiven, then it changed to the last 5k, which took 7 years of paying
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I spent 7 years working in an amazing school with wonderful teachers and kids. I just deserved the truth.
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After 6 yrs of payments btw $500-800/month, I was just informed of the same thing. So 10 more years of payments starts this month.
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My sister too. She paid 380 for over 20 years, last 9 supposedly on the forgiveness plan. Nope. Now has 9 more years to go. Shameful.
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It's obvious that also the education system and the financing of studies in USA needs a complete transformation.
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I feel so badly for him!!! Student loan industry is a RACQUET like loan sharks or pay day loans.
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Predatory sub prime lending needs to involve prison time and cash penalties for those promoting ....they know exactly what they are doing
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I could do nothing cuz trying to fight them in court would have costed much more than the balance of my student loan...
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By the time my loan is repaid I will have paid the borrowed money 6x over. Thanks gov.
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All great empires eventually fall, we are witnessing the death throes. This sort of “Capitalism” is unsustainable.
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Our ancestors would be horrified to witness what we’ve become. This was NOT the way the student loan program was intended to work.
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Teachers are poorly paid. It's like becoming a monk. Why is my profession not valued more?
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convoluted af n purposely meant for you not understand them. I was also in an autopay plan that reduced my interest by .25% so I never...(3)
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so ultimately my overall principle increased. and all I was told was you should’ve noticed that. thing is, the statements are...(2)
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This is deplorable...but this is our government! Disgraceful
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I agree. Obama let this happen.
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Blame Obama for everything...WRONG!
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