How American student loan debt works

908 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

This is also why the undesirables in our country shout “yOu tOOK oUt ThE lOAn sO pAy iT bACk!” with zero knowledge of the fact that there are a lot of loans that people simply could never pay back short of a massive financial windfall. This is the real issue, why the fuck we have massive interest on school loans from our own government is a whole other insane discussion, and personally I wish people would really try to fix the system in place by doing away with interest on school loans going forward, but we can’t have nice things in our legal mafia run country.

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