Comment on My student loan is gaining interest while I'm in school but I'm not allowed to start paying it off yet

FlashMobOfOne@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

You’re also not allowed to discharge it in bankruptcy, and once you do start paying it the bulk of your payment will go to interest. Before I paid mine off I was making a $150 payment amonth, and over a hundred of that went only to interest.

You can thank Joe Biden. He fought hard to make student loans unescapable. (And that’s not a partisan jab. It’s history.)

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