Posted on 10/15/2025 9:30:04 PM PDT by grundle
A woman’s confused that her student loan balance keeps growing, even though she’s been making small monthly payments for years.
(Excerpt) Read more at x.com ...
Her account is interesting.
It could be worse. She could have been paying a “small amount” on a MasterCard balance for ten years.
She is why women need to be married.
And the context for her sharing this is to garner sympathy for her self-inflicted plight.
...and to rage against the "System."
Regards,
If she’s been paying $200.00 a month for ten years and no balance reduction ...How much did she borrow? Sounds like she is not telling the truth.
She could avail herself of many sites on the internet that have the formulas to calculate loan balances and payoff. I am sure she would not understand how to use the formula. These same sites have a plug in app that will do it for the mathematically challenged. It goes like this:
1. How much did you borrow?
2. What is the interest rate?
3. What is your balance on a yearly basis.
It is pretty simple. Any bookmaker can do it precisely to the penny and they did not go to college.
She is an idiot.
Burying yourself in student loan debt for a degree that will never qualify you to earn enough to pay it off doesn’t seem like a very smart thing to do.
I thought getting a college degree was supposed to make you smart?
No body goes to college to get more knowledge, but libs go to Jupiter to get more stupider.
And you know she also would have raged against the system if it would not have loaned her the moeny she wanted.
I forgot to add this. My last year of pharmacy school I was broke. I did make a loan and knew exactly what it would cost. I paid it off early. In present day dollars that 8000 dollar loan would be about 24000 dollars. I paid it off in less than two years by wise management of expenses and purchases. Once paid off we bought a house. The loan was a wise investment that gave me an immediate good salary post graduation.
If I were a bank I would not give loans to anybody that was not on a career path with a good job. It is a bad bet.
holiday inn express...... better bang for the buck!
“She is why women need to be married.”
Likewise she could do the country a big favor and NOT vote. And Congress could do the country even a bigger favor by repealing the 19th Amendment.
Maybe she shouldn’t be reproducing
She had no interest in math class
Pharmacology has always sounded like a tough job to me. You have to remember so much, stand at a counter all day, and a mistake can hurt or killl someone.
I used to take a medication for severe hyperthyroidism (Graves Disease). One time the pharmacist in a Safeway gave me the wrong pills. They looked the same as methimazole, and the pill inscription was only one digit/letter off. He have me a sedative, frequently used as a precursor to general anesthesia.
I took it back after I discovered what I was taking (why was I so sleepy in the morning?), and quietly told him of the error when nobody else was around. He was so grateful I kept it quiet that he went and got a $100 Safeway gift card for me.
No kidding. People just don’t pay any attention to their loans. They have no idea what “full amortization” means nor what happens if you pay less than that amount. It’s not rocket science, but somebody has to teach people this. My dad did a good job in high school preparing us for the real world and then my Engineering Economics class as a sophomore really gave me the needed understanding.
This formula calculates the fixed monthly payment needed to fully pay off the loan, including principal and interest, over the loan term.
P = [L × r × (1 + r)^n] / [(1 + r)^n - 1]
Where:
P = Monthly payment
L = Loan principal (initial loan amount)
r = Monthly interest rate (annual rate divided by 12)
n = Number of payments (loan term in months)
Or, just use the “PMT” formula in Excel. Or look at any number of web pages that will create an amortization table for you. BankRate has an excellent one at:
https://www.bankrate.com/mortgages/amortization-calculator/
I went to a college I could afford, lived at home, brown bagged it for lunch, and paid for each semester as it came up. Graduated with no school debt.
You just have to be willing to do it.
Where do you see her account?
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