Reply to involuntary collections of student loans

Forum Index » Political Discussion

Reply to "involuntary collections of student loans"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why wont they set rates for student loans to 2% instead of 14% with daily compounding interest. God forbid. [/quote]
There has been a bill floating around to do this.
[twitter]https://x.com/repmoskowitz/status/1907107917754470820?s=46&t=kf1qYlCXQnKgUhJWEIu2vg[/twitter][/quote]

this would be a tremendous help.

I did college the poor way that is always suggested here: I went to NVCC for 2 years and then transferred to an in-state school. I borrowed a pretty modest amount compared to my peers - only $16k. I thought that amount would be very easy to pay off. I was a fool! Yes, they tell you that you'll have to pay that amount back. No one is disputing that. What we didn't get a firm grasp of was the interest and how much and how crippling that would be.

I am now 35 and have paid $33,419.65 and still owe $11,890.02.

Imagine buying a crappy $16,000 car at age 20 and you're still paying it off at age 35. No one finances a car that long. No bank would finance a car that long!

I've almost paid back what I borrowed x2. That's what upsets me. That's what upsets most of my peers who have loans, too.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics