I've Paid $18,000 to a $24,000 Student Loan, and I Still Owe $24,000
An interesting article about a person who got every warning, knew all the details of her own undoing but is trying to claim ignorance after the fact to put the blame on the “big bad industry” who really did nothing wrong here.<p>She’s a fool who complain that her principle hasn’t gone down when she never actually paid anything towards it. And yes she knows that and yes they and her parents, old teachers, friends and any advicers she has ever talked to explained that the basics of a loan are that you pay it down and pay interests on it.<p>She’s mortified that a variable rate interest loan has a rate that varies.... and sure as hell she remembers them telling her that, she’s just playing dumb to sound the victim.<p>Oh and ofcause they make the details of the loan “almost impossible to find!....” in a tab called details on their website....... or if in doubt you know, you could call them. What sort of black hole level of entitlement is she living in?<p>Education is costly in the USA, this is horrible and wrong. But hell Tesla’s are costly too, you’d get no sympathy if you buried yourself in debt to buy a Tesla and then didn’t pay off the principle for years.<p>In the ideal world she could have been denied the loans on the basis of her lack of ability to manage her own financiancials. But then it would not be the land of the free, and she would just have been complaining about that instead.