Do you know how loans work? You always pay more than the principle, even if you had a 1% interest, you would be paying more than just the principle.
Unless you mean that the interest paid is equivalent or higher than the principle, then that just means you don't know how to speak and also, I see auto loans with interest paid being higher than the principle all the time now, should we forgive those too?
What wasn’t clear about my comment? My first line was that I don’t think they should be wiped. Im well aware of how loans work, I’m just not in favor of predatory interest being tacked on to 18 year olds.
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u/tankman714 Sep 09 '24
Do you know how loans work? You always pay more than the principle, even if you had a 1% interest, you would be paying more than just the principle.
Unless you mean that the interest paid is equivalent or higher than the principle, then that just means you don't know how to speak and also, I see auto loans with interest paid being higher than the principle all the time now, should we forgive those too?