We would claim that the celebrity Tribune commentary on education loan financial obligation completely shows why courses on individual finance may not be a bad concept in senior school.
Bill Boegeman, a social studies instructor, had been astonished to discover just exactly how principal that is little been paid off after per year of spending their education loan.
Here’s the part that actually makes me angry: For one year, i’ve been making education loan re payments of simply over $500 four weeks. This means that more than the program of a I put about a $6,000 dent into my student loan debt, or so I thought year. On Oct. 17, 2015, per year into the time once I started settling my loans, my total education loan financial obligation had been …
Than I owed a year ago— $700 out of the $6,000 I put in that actually went toward reducing my debt if you don’t have a calculator handy, that adds up to just under $700 less. (daha&helliip;)