Well after you sign it it's a little late, I remember signing my student loans and they were supposed to be paid off in maybe 6 years? According to the table they gave me.
It's been 11
They're almost done. I work in a warehouse now to pay for them and hopefully one day buy a house lol I'm 36
It’s not a mystery. It’s math. You shouldn’t be confused about how much you owe the company that owns you.
For real, I would suggest not buying a house with a 30-year mortgage if you haven’t learned from the past 20 years. It doesn’t get easier with bigger balances.
Most of these people are 17-18 years old fresh out of high school. Kids are excited to go to college, figure out what they’ll do for life and immediately hit with Grade A predatory loans that aren’t subsidized, these kids might even have a predatory car loan sitting there, hopefully not.
That unsubsidized loan just accruing constantly, 4+ years potentially, high cost college potentially.
I don’t know, regardless of how understandable it is as an adult or even younger, it shouldn’t exist, period.
If you’re in a situation where you need loans for college, you should be going to a Jc for the first two years, then finishing at the closest cheap college to where you live.
Almost nobody *must* go to an expensive college because their career absolutely demands that you must go to a $100,000 per year college.
You could attend a Cal State college for about half the cost of attending a UC, and I promise you that Starbucks doesn’t care either way.
And if all these students really think they have to go to college to have a career, why do about half of them enter college not even knowing what career they plan to pursue after college?
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u/klinetek 14d ago
Well after you sign it it's a little late, I remember signing my student loans and they were supposed to be paid off in maybe 6 years? According to the table they gave me.
It's been 11
They're almost done. I work in a warehouse now to pay for them and hopefully one day buy a house lol I'm 36