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

Generally speaking, a mortgage isn’t given to a 17-18 year old with no real job prospects or established career or credit.

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