Posted on 03/09/2022 9:19:38 AM PST by grundle
Question: I’d like to obtain advice on tackling student loan debt. I do not have private loans, and I owe approximately $96,000. I’m so confused because initially my loans were less than $30,000, but I think the rest of it comes from interest. I’m not sure what I am looking at with my loans. My loans have been in forbearance, and I want to investigate loan forgiveness options. I am a school nurse and support my family, so my income is limited. Can you provide direction? It would be greatly appreciated.
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Why is this anyone else’s problem other than this person, who obviously doesn’t know squat about compounded interest?
A school nurse who can’t do math.
Lovely.
If she is a nurse and can’t figure this stuff out, I would hate to think of her calculating dosage.
But I’ll be she can give CoupFlu shots...
Our parent plus loan for our college student never went down even though we paid extra every month. Found a way to pay to do a balance payoff real quick.
“My loans have been in forbearance,”
Ah.
You are a cog in the financial institution/academia consortium…and made poor decisions afterwards (I have made my share as well)…have to get another job…in xidens booming economy…
A school loan of $30,000 that ballooned to $96,000 from interest alone??
Did she borrow the money from the local loan shark?
She stopped paying her loan (in forbearance) for 20+ years and wonders how the loan balance tripled!
Its called compound interest and penalties. Did you learn basic math in school?
Get a brain first. You were not and still are not capable of borrowing money because you are not intelligent enough to understand what you are doing. Hope you are never my nurse.
Wasn’t there a similar question posed recently by an alleged attorney? Pay it back! Or, say, ‘I’m a bidung supporter so I don’t have to pay it back.’
“I do not have private loans...”
~~~
I thought federal student loans had locked interest rates. It’s been a while but I think mine were 4%. I must be wrong, because even if you let them go unpaid it would take 31 years for it to balloon to 96k
I’m confused...how did she get out of grade school?
She thought forbearance meant no compounding interest.
Oops.
I have zero sympathy for this idiot who never took any kind of elementary math course. Suck it up, Buttercup!
"I'm so confused!"
Yes, the US Goobermint.
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