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Private loans. Student loans have a low interest rate, but private loans are high interest. Also, if you make too much you can't get subsidized loans so you have to pay full interest.


Krayon sexually assaulted his sister. https://i.rdrama.net/images/17118241526738973.webp https://i.rdrama.net/images/17118241426254768.webp https://i.rdrama.net/images/17156480765435808.webp

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This is a case of a government payment program screwing someone because they let them pay an amount lower than they should. Student loans are 10 years, so $500 a month would never pay off a $70,000 loan in that timeframe regardless of interest rate. It should have been closer to $750. The fact they still owe $60,000 would mean they deferred at some point though.

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I don't know about other schools but I had to take counseling before getting the private loan. They even warn you about the interest and suggest paying the interest while you're in school.

My payments were $120/month for my private loan, so I thought it was so manageable and not a big deal but then I realized some months I didn't even hit the principle so started paying what I could. I didn't have a lot of money when I first graduated but always tried to pay at least $200 to get some principle.

Like you said, this dude is probably paying the minimum and isn't looking at his statements to see that he's not hitting the principle much.


Krayon sexually assaulted his sister. https://i.rdrama.net/images/17118241526738973.webp https://i.rdrama.net/images/17118241426254768.webp https://i.rdrama.net/images/17156480765435808.webp

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