Bam on Nostr: npub1asa7z…en9sr npub1v2syc…cmqq5 It’s the compounding interest. Sometimes you ...
npub1asa7zhxq92arr7z3dqywvsh0ur24a9k6qmkg2zcthe0wshyu9pvsren9sr (npub1asa…n9sr) npub1v2sycpx32th4h4aude3jq4g0kgj0p2t5062059l0fx0vcn8njs8spcmqq5 (npub1v2s…mqq5) It’s the compounding interest. Sometimes you have people who go into forbearance and interest accrues and is added into the principal. Sometimes people are on income-based payment plans where the interest isn’t even paid based on their AGI. This has been a problem for a long time and as college becomes more expensive, the problem gets worse.
And while I support all of these things that Biden has done for student borrowers, the real devil that no one has touched is the out of control tuition costs and the vicious cycle of collecting more tuition to push up rankings to get seats filled to collect more tuition to push up rankings to get seats filled, etc.
And while I support all of these things that Biden has done for student borrowers, the real devil that no one has touched is the out of control tuition costs and the vicious cycle of collecting more tuition to push up rankings to get seats filled to collect more tuition to push up rankings to get seats filled, etc.