DROWNING IN STUDENT LOAN DEBT? How the F*%^ is this POSSIBLE?
If her interest rate on $80,000 was 7% and she paid $500 a month, she'd have to pay for 466 MONTHS and by the end of that loan, she'd have paid $232,795 ($152,000 in interest)
MY GUESS is that she had the loan in deferment too long, wasn't paying the minimum monthly payment, wasn't hitting the principle or a combination of all three.
thing is: no one forces you to go to one of these high-cost-dorm, high-tuition, PARTY SCHOOLS.
You signed up for the party, now you pay the piper.
Just using the words: "college" and "education" lumps these bullshit liberal arts degrees you can't get a job easily in with STEM and vocational degrees that you COULD get a job/career in.
HOLLY POLLY: @swankysquirrel1
DOWNLOAD LOAN U LATER:
https://apps.apple.com/us/app/loan-u-later/id300496252
Is this TIK TOK video possible???
https://bravesaver.com/2020/08/29/student-loan-tiktok-even-possible/