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re: Brandon: Student Loan Pause to end 12/31/22, Payments to be capped at 5% monthly income
Posted on 8/24/22 at 11:38 am to Diamondawg
Posted on 8/24/22 at 11:38 am to Diamondawg
quote:
I know nothing about student loans but I have heard from people that do have them, it's like a house mortgage that at the start, most of your payment goes towards interest and not the principle. Is that close?
Every media human interest story focuses on people that have six figure debts after decades of paying their minimum balance. Lowering minimum payments just turns college degrees into rent-a-center financing.
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