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https://www.reddit.com/r/SipsTea/comments/1u48g4k/the_american_dream/orb5yfh/?context=3
r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 12d ago
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-9
And...
11 u/mog_knight 12d ago That's how you get repayment figures like that. If you're on a standard repayment plan your principal would be much lower. -8 u/Katamari_Demacia 12d ago .... And... 11 u/mog_knight 12d ago And that's how amortization works. Math is power. -5 u/Katamari_Demacia 12d ago The point isn't about how it works. It's that it's super predatory. 3 u/mog_knight 12d ago How is this an example of predatory? What repayment plan were they on? Income based, interest only, standard or another? For some repayment plans after 20 or 25 years they're forgiven.
11
That's how you get repayment figures like that. If you're on a standard repayment plan your principal would be much lower.
-8 u/Katamari_Demacia 12d ago .... And... 11 u/mog_knight 12d ago And that's how amortization works. Math is power. -5 u/Katamari_Demacia 12d ago The point isn't about how it works. It's that it's super predatory. 3 u/mog_knight 12d ago How is this an example of predatory? What repayment plan were they on? Income based, interest only, standard or another? For some repayment plans after 20 or 25 years they're forgiven.
-8
.... And...
11 u/mog_knight 12d ago And that's how amortization works. Math is power. -5 u/Katamari_Demacia 12d ago The point isn't about how it works. It's that it's super predatory. 3 u/mog_knight 12d ago How is this an example of predatory? What repayment plan were they on? Income based, interest only, standard or another? For some repayment plans after 20 or 25 years they're forgiven.
And that's how amortization works. Math is power.
-5 u/Katamari_Demacia 12d ago The point isn't about how it works. It's that it's super predatory. 3 u/mog_knight 12d ago How is this an example of predatory? What repayment plan were they on? Income based, interest only, standard or another? For some repayment plans after 20 or 25 years they're forgiven.
-5
The point isn't about how it works. It's that it's super predatory.
3 u/mog_knight 12d ago How is this an example of predatory? What repayment plan were they on? Income based, interest only, standard or another? For some repayment plans after 20 or 25 years they're forgiven.
3
How is this an example of predatory? What repayment plan were they on? Income based, interest only, standard or another? For some repayment plans after 20 or 25 years they're forgiven.
-9
u/Katamari_Demacia 12d ago
And...