How American student loan debt works

924 viewsMathematicsOther

I saw a post saying that two people left school 23 years ago with a combined debt of 70k. They paid 500 USD monthly for 23 years and still owe 60k.

I’m thoroughly confused. obligatory not from America.

In: Mathematics

14 Answers

Anonymous 0 Comments

Do the US loans expire after time?

In the UK, they expire and get written off. Different rules depending when/where you took the loan, but for argument it’s in the region of after 30 years or when you hit 65.

You are viewing 1 out of 14 answers, click here to view all answers.