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by fencepost
2946 days ago
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His first year loans were only ~$43k, but then the interest rate spiked and tuition also got hiked. He might be able to make more of a dent in the balance, but it's high enough that the only way payments are affordable is using the 10% of income rule, which results in a number to small to even keep up with the interest. At this point student loan debt is like a treatable but incurable disease - you take the meds / make the payments hoping you last long enough for a cure to be found / legislated. |
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