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Reply to "Does anyone else owe a TON in student loans?"
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[quote=Anonymous]I'm starting to aggressively pay back my student loans. If I knew then what I know now, I wouldn't have taken out the amount I did, but at 19, I really didn't fully understand how much this was really going to cost - the interest my private loan has accrued is almost criminal. My auto loan is far more reasonable than my educational loans. Luckily, I have a great job and paying has never been an issue, but I just don't see how education can continue to cost this much. The bubble has to burst at some point. This graphic was a real eye-opener: [img]http://consumermediallc.files.wordpress.com/2010/09/studentloanschemescheme.jpg?w=652&h=3879[/img] Student loans have NONE of the consumer protections offered to those with credit cards or other types of loans. It really is a total free-for-all out there. And as the graphic points out, student loans are one of the very few non-dischargable debts out there. [/quote]
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