I've paid 100-200$ a month for 8 years. Its all I could / can afford. I went back to school and finally have a good job. Yet, I have come to found out that my loans have doubled. They will have tripled by the time I can pay them off... If I can pay them off.
Here's the math:
21k loan @ 7% interest
7k paid in interest
43k now owned after consolidation 8yrs ago (this is with 7k deducted from interest that I paid)
63k after paying 535$ a month for the next 10 years
54k If I transferred my balance to a 7% interest credit card
I was told when I was 17 that this was the best loan I could get. I would have been better off getting a credit card or selling my soul to the devil.
I dare you to do the math and or contact me!
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