Check out this story on USATODAY.com: https://www.usatoday.com/story/news/education/2019/04/20/student-loan-debt-interest-federal/3528302002/.
Check out this story on USATODAY.com: https://www.usatoday.com/story/news/education/2019/04/20/student-loan-debt-interest-federal/3528302002/Considering they have guaranteed payback (no risk), the interest rate on student loans is ridiculously high at ~6%. Institutions making these loans can't lose and are making out like bandits.
Psalms 31:21 & Proverbs 22:7 (KJV)
Applied for a loan, got a check, spent it and now you don’t want to pay it back.. in what world is that okay?
As it shouldn’t be.. it’s the real world. If you barrow money you have to pay it back.
It should never be written off . You took the money , now pay it back !
They have to pay their student loans. I’m not paying it for them!
Here’s the problem all you assholes have in this... you don’t understand the interest and ppl who took out the money were not made fully aware. My (compounded) interest rate is 5.89-6.12%. More than double my mortgage. Lower the interest rate and make it an APR.
They spent it and should be held accountable to pay it off. It's not rocket science!
Took me 10 yrs to pay mine off.
And15% deducted from Social Security benefits. Do not ignore loans
Umm, good?
Talk about a corrupt system!