How can people make payments for 20 years on school loans and barely make a dent in the principal? How are those loans different than a mortgage?

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How can people make payments for 20 years on school loans and barely make a dent in the principal? How are those loans different than a mortgage?

In: Economics

21 Answers

Anonymous 0 Comments

I made a student loan payment a few weeks ago for $150 and it said $3 went to principal. 😥

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