I see this from time to time on social media about people saying they graduated college a long time ago with X-amount of school loans, and they’ve been paying it but then still owe more then the original loan amount. How is this even possible? Don’t all loans calculate the monthly bill for interests and enough principle for it to not increase?
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Dude interest on these loans is up to 9.5% and the loans are in the low 6-figures. You could pay thousand/month and fall behind.
Idc what the boomers want us to believe. Student loans are awful
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