If she has a $100,000 debt and has taken advantage of the payment “moratorium” and doesn’t plan to make a payment until January of 2023 that $10,000 will most likely not even cover the interest on the deferred payments. Courses on compound interest should be a mandatory high school graduation requirement.
“ Courses on compound interest should be a mandatory high school graduation requirement.”
Instead of rushing kids into algebra early, all kinds of math (actually just arithmetic) involving percentages could be taught. Simple and compound interest are among the most important.