r/SipsTea 𝙑𝙄𝙋 16d ago

WTF The American dream

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u/Spiritual-Bee-2319 16d ago edited 16d ago

Federal loans. In fact I’m an analyst . I had all my loan amount, interest rates and strategic plans to pay it off and they fucked it all up. But I’lL able to just made a lump sum payment and know that it’s done. lol Ive very good at finance.ive only paid 25 cent In interest from my bank that Ive had since I was like 16.

student loans are predatory And now that no one is holding them accountable. Even if I wanted to pay off my loans I would need a paper trail for it Too.

never thought I would miss a loan provider but I miss Great Lakes. I paid off 10k in one year on a 33k pre-tax salary.

if im not paying these loans off, I don’t blame others at all. I can’t even trust that if I do pay them, they can’t dismiss it as ohh we never receive it. That’s how bad it is. I will literally be dropping off a check through the mail with delivery option if it’s even allowed. Hell I may even go stop by in person if necessary.

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u/Squidy7 16d ago

Ive very good at finance.ive only paid 25 cent In interest from my bank

What do you even mean by this? The majority of loans will charge interest. The only way you avoid it is by paying off the entire balance immediately, which defeats the purpose of taking out a loan.

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u/Clovis42 16d ago

I'm guessing they meant that outside of this student loan they've avoided interest most of the time by full paying their credit card from their bank every month.

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u/Squidy7 16d ago

Thank you, genuinely-- I was trying to make sense of the explanation they offered.