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To: ifinnegan

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.


26 posted on 10/02/2023 1:14:25 PM PDT by 17th Miss Regt ( )
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To: 17th Miss Regt

Even with a 10% loan you’d be close to 55YO before it went from $34K to $500K


28 posted on 10/02/2023 1:19:04 PM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: 17th Miss Regt

“ 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.


45 posted on 10/02/2023 1:50:39 PM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: 17th Miss Regt

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.


59 posted on 10/02/2023 8:00:20 PM PDT by Glad2bnuts (“And how we burned in the camps later, thinking: We should have set up ambushes...paraphrased)
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