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RE: Student Loans, now a 30 year graduate tax!

in #inleo3 days ago

This isn't such a shock. If, for example, the student stayed in school to defer starting payments, the interest would still accrue and the overall debt would continue to grow unchecked. And, if only making minimum payments, the interest growth, especially if variable, would outpace inflows as well. It's a horrible design of indentured debt that only benefits financers and banks.

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It is awful I agree - wld really put me off doing a degree!