huh only 13 is willing to go to a little detail. otherwise the rest are just whiners. show some proof that you paid enough.

Two things.

1. The contract you signed had very clear projections about what would be owed, and when, and how long it would take. What exactly are you complaining about? You knew what you signed and now you regret it but want to blame others.

2. Now that you have a job, your taxes pay for illegal aliens to go to college for free. Welcome to our world.

i love all the dumb f@#ks who say it's their own fault and if you cannot afford college you shouldn't go. because having an educated workforce is a terrible idea, right republicans? well it is for them anyway. can't wait until this country becomes a third world nation thanks to them.

"You mean I have to pay back what I borrowed from the bank with interest?" "I never knew that!"

This has been the same for years and years and now the millennials who like everything handed to them are finally realizing what life is.

Am I too European to understand this?

Maybe go to a community college get good grades and a 4 year school will give you merit money. Quit complaining, you borrowed it.

@Figure

We must be

... payback is a beatch.

I know you're Gen Z and reality is a puzzling thing for you, but don't go into debt if you don't want to pay it back.

Your first mistake was going to college to begin with.

I don't think any of these people understand interest. They should not be allowed to sign for loans of this magnitude if they don't understand how to calculate the interest on a loan. (Of course then we would have less people going to college, oh the horror!)

Here's a tip. If you sign for a loan, calculate the "interest only" payment on that loan. You need to pay more than that amount to ever pay off the loan. If you pay less than that amount, the loan balance goes up and the loan gets even bigger.

It's very simple to calculate the interest only payment. It's the loan amount times the APR rate (the interest rate), divided by 12 to get down from the yearly interest to your monthly interest amount.

Remind me what the benefit of going to college is, exactly?

Maybe someone should explain the concept of interest to the American population.

Way to make Muric agreat again

Btw, @everyone: A good lower degree or apprenticeship is worth more than a crappy higher one bundled with crippling debt. And maybe, some day even your folks in charge will have to realize that an angry mob can be born from debt too. And that it can cut their throats - or purses at least.

Just an FYI- you don't need college to get a good paying job. My average employee (construction trade) gets $36/hour on their check and another $20/hour in benefits- health/dental insurance for them and their dependents, a pension, vacation pay. Total package equivalent to $110,000/year.

Of course there's an apprenticeship program- OJT- paid to learn the trade. Takes about 4 years to be a journeyman/woman.

I cannot find enough people so they're working mega overtime...

Just sayin'...

It's a racket. First they jack up the "prices" of education until practically no one can afford it out of pocket (except for the 1%), then they give you shitty loans - where your "reasonable monthly payments" will cover a little more than the interest and fees, while the principal remains the same or grows larger - welcome to being in debt for the rest of your life.
No matter if you have "a good job" or not. This is called loan-sharking and IS illegal in most countries.