That's where my debt stands now...last year it was around 183K...it's amazing what 13 THOUSAND dollars of interest'll do to your repayment amount.
Luckily, I'm constantly served a reminder of what it's like to grow up poor. To borrow against a future that, if you fuck it up, you'll never get out of unless you mysteriously disappeared in some form or fashion.
Each year, one must humble themselves and throw themselves prostrate on the Gods of Higher Education and plead for them to let me wrack up more debt since I can't pay the initial debt to start with. It's really a great system.
For one of my loans, by the time I will have paid it off, the amount will be around 50K...that might not seem like alot unless you think about the fact that the initial principle of the loan was 27K...that's almost DOUBLE! And during all this time, someone's walking away with money in their pockets...too bad it ain't me.
Isn't capitalism great! :(
“I’m the one asking you the questions, Lorna.”
2 years ago