Borrowing $101,000 for an MBA means Jarret was too stupid for college. Also too stupid to be employed anywhere but Starbucs, McDonalds is above his pay grade.
[Borrowing $101,000 for an MBA means Jarret was too stupid for college. ]
Not arguing on the stupid part, but he borrowed $60K over 4 years and then let it grow to $101K in the following 11 years. They don’t teach compounding interest in MBA programs?
I’m with ya, but technically he did borrow that money. He placed his loan in forbearance which in reality is an extension to his loan. anyone his age claiming ignorance he didn’t understand the terms of the loan is a moron. Placing the loan in forbearance and then paying only the minimum is allowing the lending institution to essentially loan more money as the interest accrues. Call it whatever you want but bad decisions have bad consequences, thems the breaks.