You can graduate at age 22 with $34K in loans at 6% APR, not pay anything on them, and when you are 68 you will owe $500K.
Even with a 10% loan you’d be close to 55YO before it went from $34K to $500K
“ You can graduate at age 22 with $34K in loans at 6% APR, not pay anything on them, and when you are 68 you will owe $500K.”
Thanks.
I didn’t feel like sitting down and doing the math.
So she either paid nothing for decades or it’s a fake story.
Or, get a job, take out a low interest loan and pay twice as much as necessary to pay it down. Like a cheap car loan, PAY IT OFF.