If the gov really wanted to help us out, they’d lower all student loan interest rates to less than 3%
2026-06-25 14:08:13
787
Christian G :
Remember how they taught us all about how Student Loans work and how much your loan will be over its total lifetime so we'd be properly prepared when it came to making such a financial decision at such a young age? Oh right, they never mentioned it 🙂
2026-06-24 16:17:13
404
_Crabby_Abby84 :
THIS is what’s predatory! Not the loans themself, but the compounding interest that literally makes it impossible to pay off
2026-06-24 20:47:43
362
Amanda Presswood :
Wouldn’t it be amazing if we just had to pay back what we took out. This is what people don’t understand about how insane students loans are
2026-06-24 16:48:02
153
Bridget :
that part that gets me is you can have a car loan with the same data points and yet somehow that doesn’t happen on the car loan it’s paid off in a reasonable time without somehow doubling “because of interest” 🤦🏻♀️something is broken with the student loan that just doesn’t make sense
2026-06-24 16:44:56
205
xpbalafrrf2 :
make sure your loan service knows the additional each month needs to go towards your principle and not future payments. I'm not sure if they still do that but they used to.
pay your payment twice a month. same amount just split it into two. it sounds dumb but it helps
2026-06-24 12:15:16
14
Mr. Mrs. J. :
i fully do not agree with student loan forgiveness at all. students benefit from those degrees and chose to take the money and go to college. HOWEVER, There is no reason for interest like this. should be 2% if the loan is in good standing. this is wrong as gell
2026-06-25 14:37:02
24
Spaghetti Bandit :
I have a lower interest rate, pay more than the expected payment, it's been 10 years, loans only down 10k.
2026-06-24 13:22:19
18
2RIFICK :
I still dont understand how people dont do the math before getting the loan.
2026-06-29 08:43:37
22
psalmsandcoffee :
Student loans should be interest free!
2026-07-17 23:03:58
16
Rosalia :
Student loans are predatory loans aimed at young Americans 😭
2026-06-25 01:03:16
56
cap_zen_games :
Front end interest should be illegal
2026-06-09 20:15:27
11
Joe Mason :
Student loans were designed to transfer wealth to colleges and universities.
2026-06-25 13:03:04
16
derekkunkewitz2 :
And Einstein said the most powerful thing on the planet is compound interest.
2026-06-29 03:29:23
3
SRMM :
Yet they cancelled them PPP loans
2026-06-25 10:59:45
20
Gummy Bear :
I think student loans are probably the worst loan anyone could take out! And University and college are nothing but a money grab for 98% of the students and parents! 😵💫🤯
2026-06-25 13:40:19
11
King Mufasa🇺🇸🇬🇭 :
Biden tried to forgive us all but Republicans said America has no money only for them to spend Trillions to go to war for Isreal. Make it make sense
2026-07-28 07:16:02
5
Tony :
Some possible reprieve- some people in congress just introduced a bill that would cap federal student interest rates at 2%. Would be huge, but it’s a tall order. Need to reach out to your state legislators to help push it along
2026-06-25 10:49:56
13
Wubbely :
It sounds like $300 isn’t enough to be paying. You have to pay the minimum plus the compounding interest in order to not grow your debt. I can’t tell you what that number is without your interest rates, but you should look to find out what your actual monthly payment should be.
2026-06-09 20:13:17
11
E-Honda :
Those loans are are basically CREDIT CARD RATES. The only time you could get from under it, is if you could pay it off in full 🤔🤔🤔
2026-06-25 15:04:22
8
KCB95 :
Wait til you get a house… paid 72k in payments…. Balance decreased 10k
2026-06-09 20:25:21
6
Dawn :
This is what the institutions count on happening so they make money
2026-08-02 18:08:09
0
FetidFiend :
To be fair, compounding interest is usually taught in middle school so by the time you're college age, it had been 5 or 6 years since you've covered it.
2026-06-29 22:07:33
0
Kyle17507 :
its how every loan in the world works. Maybe you should pay more than the minimum.
2026-06-30 17:41:56
0
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