Years ago, I said Absolutely No Way! They signed for the Debt and it’s on them. My own father told me two weeks before I graduated from High School that he could Not pay for my College Education while my Older Brother was in College.
And once I left The Military, my father had another discussion with me and He told me that he would pay for my College. And I told him to pay for my younger brother’s College and I’d use the G.I. Bill. But the G.I. Bill, IT was only so good while I had to work a lot of part-time Jobs while going thru College. But that was fine. I didn’t care. It was LOVE. But working and a Bump in the road caused me not to truly enjoy College.
But now, I’ve had a great deal Of time to Study these College Debts students have after College. And some after paying for 15 years still OWE more than the Original Loan. And that’s pure BULLSHIT!
- Student loan debt in the United States totals $1.75 trillion, with the average borrower owing $39,351.
- Most student loan lenders are huge institutions, such as international banks or the government.
- Outside the government, most student loans are held by the lender, a quasi-governmental agency like Sallie Mae, or a third-party loan servicing company.
- The federal government fully guarantees almost all student loans.
I found that virtually ALL LOANS offer No Fixed Interest Rate and all are VARIABLE. That’s the monkey that screwed millions of Home Owners.
But these are just Children getting and signing for Big Loans. An 18 year Old us still just a Big Kid. A Young Adult. But as soon as they finish High School, they still have difficulty in making lasting decisions. And some of these Student Loans leave there individuals with Bitter Feelings for their Lifetime.