They COULD just not forgive the principle at all and lower the damn interest rate. I took out $110k for grad school and it had doubled by the time I graduated 4 years later at 6.8% interest. I'm thrilled to pay the $110k. The other $100k in interest?? Robbery. A house loan is half that percentage. Why are we punishing graduate students?
They COULD just not forgive the principle at all and lower the damn interest rate. I took out $110k for grad school and it had doubled by the time I graduated 4 years later at 6.8% interest. I'm thrilled to pay the $110k. The other $100k in interest?? Robbery. A house loan is half that percentage. Why are we punishing graduate students?