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To: grundle

I didn’t know student loans were issued by loan sharks now. That’s the only way $34,000 could grow to $500,000.
There must be more to this story.


19 posted on 10/02/2023 1:01:56 PM PDT by Deo volente ("When we see the image of a baby in the womb, we glimpse the majesty of God's creation." Pres. Trump)
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To: Deo volente

Here are the historic interest rates on student loans:

https://www.savingforcollege.com/article/historical-federal-student-interest-rates-and-fees

They were in the 7 to 8% range in the 1990s....

The numbers could be legit.


23 posted on 10/02/2023 1:05:29 PM PDT by cgbg ("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
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