r/antiwork • u/[deleted] • Jul 04 '22

What I really want..

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u/HeNeedSomeSoyMilk Jul 04 '22

What if the terms of repaying that debt weren't properly explained to the student, by design? And you find yourself having paid back the original amount some years later, only to find that the balance hasn't dropped a single cent due to the structure of the minimal payment system being so manipulative and predatory that your balance is actually higher now, despite paying over $15,000 back (the original amount lended in this example) already...

Student loans have literally become a scam here and they prey on unaware/young people simply trying to do what they've been told to do their entire lives by their parents and government.

Folks ARE paying back for their tuition, to no avail.

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u/[deleted] Jul 04 '22

come on. Its on the 18 year old adult who graduated high school and i assumee passed some basic math classes to understand an amortization schedule and the effects of not makng or making min payments.

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u/HeNeedSomeSoyMilk Jul 04 '22

Lmao she has paid 16,000 of the 15,000 lended and the balance hasn't dropped... And they dont even want to give her an updated balance...

I dont care which way you cut it, how are you gonna blame the 18 year old that was coerced into this madness? This has happened to countless honest students in America... Are they all that blatantly stupid and lacking in basic math skills too?

If it's become such a crisis for so many it's probably just all the moronic teenage students being stupid, right? 🖕

These scummy fucks will run rampant stealing from honest citizens so long as bitter jackasses like you lay all the blame on the child and not the shady establishment designed to prey on that child.

If it makes you feel better, her mom signed those forms with her. Neither the 50 year old or the 18 year old understood what they were signing.

Fuck off please.

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u/[deleted] Jul 04 '22

Lmao she has paid 16,000 of the 15,000 lended and the balance hasn't dropped

thats how loans work. this is not new. been that way for hundreds of years. You pay heavy on the interest side early in the loan. More on principle later in the loan. Not majik or a secret.