So what? You made an agreement. The terms were laid out before you. You signed. You didn't have to. You chose to. Live with the consequences of your freely-made decision.
Most of these student loans the mininum payment is far under what the interest rate is. She graduated 10 years ago or so there is no way shes been paying diligently and still this far behind. Time for some math:
The interest rate for that year was on average 6.8% fixed
Based on that:
her total loan should have been 52,932 paid over 10 years. 10 being the most common
monthly payments of $441.00 .
Now her amount saying $31,501 means she was paying $262 a month far under what she needed
Now even if you stretch the payments for 20 years you still end up with a $290 payment.
worse yet not once in the 10 years did she refinance the loan to lower the payment. So either she isn't the brightest bulb in the drawer or shes defaulted so many times no one will touch it
To be fair her degree is probably in intersectional feminism, not math.
The total amount you will pay over the life of the loan is in your loan documents when you sign.
Edit: I guess this isn't true if it's a variable APR, but that's also something she would know going in.
How’s that art and womanist degree working out for you?
I guess she forgot to take economics.
Top. Kek.
Tell us again how much more intelligent you are than blue-collar workers.
So what? You made an agreement. The terms were laid out before you. You signed. You didn't have to. You chose to. Live with the consequences of your freely-made decision.
So what does she want? Free college or free money?
Idiot.
Math r hard
you’re degree is worthless if you can’t pay off that small ass loan, go home to mommy
She's a dummy but Usury is from the synagogue of satan
Most of these student loans the mininum payment is far under what the interest rate is. She graduated 10 years ago or so there is no way shes been paying diligently and still this far behind. Time for some math:
The interest rate for that year was on average 6.8% fixed Based on that:
her total loan should have been 52,932 paid over 10 years. 10 being the most common
monthly payments of $441.00 .
Now her amount saying $31,501 means she was paying $262 a month far under what she needed
Now even if you stretch the payments for 20 years you still end up with a $290 payment.
worse yet not once in the 10 years did she refinance the loan to lower the payment. So either she isn't the brightest bulb in the drawer or shes defaulted so many times no one will touch it