How Is This Possible?!
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I Just checked my student loans because I needed to get the information to someone and What? 80,000 80k paying for 10 10 years last year I paid 6,000 lump sum cuz that's really the only way to get it low. Uh, that took it down to 76,000 After I' been paying for 9 years, the grand total is I have paid $120,000 50% more I still owe 70 six. How the is this possible? Student loans are literally one of the most nefarious things we've ever created.

21 thoughts on “How is this possible?!”
  1. Avataaar/Circle Created with python_avatars Troll of 229: Ant the variable says:

    Just don't ever pay it.

  2. Avataaar/Circle Created with python_avatars Owen Langis | Mortgage Connection says:

    Obama & Biden

  3. Avataaar/Circle Created with python_avatars Phlip says:

    There's no such thing as money money was made illegal in 1931. All you have are debt notes. You can't pay a debt with a debt. That's why your bill never has a sum certain nor does it say to pay with federal reserve notes. Just write them a letter and require them to tell you how to pay. They can't and wont

  4. Avataaar/Circle Created with python_avatars erika.aissha steg says:

    The problem here is that you paid a shit ton for college but they never taught you math.

  5. Avataaar/Circle Created with python_avatars AceUniB06 says:

    Lack of financial understanding. Pay the minimum then pay extra on the principle because the minimum is principle plus interest. Decrease principle you decrease interest. You pay it off faster.

  6. Avataaar/Circle Created with python_avatars Chris Reinecke says:

    Student loans only make sense if you are in poverty with no way out and will be going into a field that can generate with some certainty at least an income of 300 to $500,000/yr. IE doctor, lawyer, certain engineers. Other wise you are throwing your money away. 75% of all degrees and courses are completely useless in the real world. High school education is the only foundation needed to prove minimum IQ needed for entry level positions in most fields. Experience is far more important and job pertinent knowledge comes with entry level experience. A lot of people have been lied to about the importance of college. Drive determination and experience are far more important. Save your money. Start preparing for what you want to do for a living in high school. Shadow employers go to trade schools. Learn on your own about the things that interest you (and can also make money). You will be far better off than going to college. Unless you are going for a very specific job like a doctor, surgeon, lawyer. If that is the case then college is definitely needed. If not don’t waste money you don’t have.

  7. Avataaar/Circle Created with python_avatars Vernon Torrence says:

    Welcome to a 30 year mortgage! Only you dont own a home. This payment plan soundsmore like paying on a credit card balance. Just making the requested payment doesn't get you any where on the balance after interest is taken out. It was designed this way. The colleges raised tuition several hundred percent in some cases as soon as student loans came about. Do you even have a 'marketable' skill to offer an employer? This is not our first experience with this type of fleecing. Medical cost's have skyrocketed since the 1960's because we all suddenly had to have medical insurance. Thanks FoMoCo and the UAW!!

  8. Avataaar/Circle Created with python_avatars TipTopFlipFlop says:

    Done forget kids. Theres plenty of trade schools that cost little ro nothing. And sometimes trade jobs will pay you to go to school.

  9. Avataaar/Circle Created with python_avatars A-Smash! says:

    Oh yeah. Thats because that A from APR stands for annual, that means every year you owe 80k, you're paying whatever your interest was. 10% for a year? Thats $8k, so if you paid $6k last year, you didn't even cover that interest, so you didn't even make a dent into the actual loan amount. And over 10 years at 10%, thats another $80k. Stop paying your minimums.

  10. Avataaar/Circle Created with python_avatars KnowSage says:

    A liar on the internet wooow 😂

  11. Avataaar/Circle Created with python_avatars Cj J says:

    If only she had studied math 😅

  12. Avataaar/Circle Created with python_avatars Stuff_I_Liked says:

    Exactly what I’m dealing with now

  13. Avataaar/Circle Created with python_avatars Ricky Ware says:

    Scam its nothing but a scam

  14. Avataaar/Circle Created with python_avatars zgarsamtavarez says:

    The sad part is that you got through college, apparently got a degree, and still can't do math or understand how loans work. And the nefarious creation is loans?

  15. Avataaar/Circle Created with python_avatars klein 225 says:

    Everyone who tells kids to go to college, take out student loans, etc is either paid to do so, or wrong.

  16. Avataaar/Circle Created with python_avatars A. Wilkerson 2nd says:

    And thats why college is and this country is dying. Our politicians allow big banks and corporations to rob and enslave us

  17. Avataaar/Circle Created with python_avatars Christo Velasquez says:

    10 years of interest only payments is the answer.

  18. Avataaar/Circle Created with python_avatars Lain Serrato says:

    Dang that sucks bad. Always read the terms and conditions

  19. Avataaar/Circle Created with python_avatars Ryan Electric says:

    How about you take a math class and learn about the contract you signed.

  20. Avataaar/Circle Created with python_avatars JP Invest says:

    Because you took a loan at a high interest and didn’t read what you signed up for stupid

  21. Avataaar/Circle Created with python_avatars Arc Syn says:

    Nice you are the slave of your own country scream MERICA, irony when ppl say china is shit with their ppl

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