Funny you say that and once again, absolutely right. They provided me an amortization chart. If I had made the payments the way they wanted me to make them, I would have paid back almost double what I borrowed. Crooked, Crooked, Crooked....
“Funny you say that”
I wish it was a joke. In my mind the entire intent of this was to try to offset the losses of this and other programs with a profit on some and a loss on others. This was how they have now learned to settle for profit and take a loss of less than they put in with the volume of people they have on the hook. And that’s what makes every loan predatory. They aren’t in this to help anyone but themselves. And it’s been going on just since it became a business and not a public service. Plus it is subsidized with taxpayer money, they think of it as theirs, so there is no gamble to them. Now they are trying to “get” the deadbeats and seem the heroes.
rwood