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Response to Demovictory9 (Original post)

Sun Jan 19, 2020, 07:20 PM

8. In 1991 my consolidated college/law school loans were $39k. 28 years later: still $32k

This was despite paying mostly on time for those 28 years, including paying over $23k in the last 4 years. But I did miss some payments/pay late due to two job losses and a medical emergency during that time.

Last year I borrowed the $32k from a family member and paid them off. Now with the same payments, I'm on a 5-year plan to repay my family member (not that they're pushing it). I would *never* have paid those loans off with the penalties and interest and collection costs (despite the loan servicer never having to do any collecting) that were added daily.

I know that a lot of people would be angry if student loans were dismissed. But the system is really and truly broken.

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Arrow 8 replies Author Time Post
Demovictory9 Jan 19 OP
MichMan Jan 19 #1
VarryOn Jan 19 #2
unitedwethrive Jan 19 #3
VarryOn Jan 19 #5
Igel Jan 19 #7
SKKY Jan 19 #4
defacto7 Jan 19 #6
LineNew Reply In 1991 my consolidated college/law school loans were $39k. 28 years later: still $32k
More_Cowbell Jan 19 #8
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