• Sl00k@programming.dev
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    1 year ago

    These loans are out right predatory. I was offered a 12% interest rate 7 years ago and have friends who’ve been offered 16%!!!

    Yes you can say just don’t sign it, but we’re 17 years old we can’t comprehend how much affect a 16% interest rate will have on you in 8 years and you’ve been told all your life college is the goto life path and you have to do this to get a “good job” and live a good life.

    I agree we should payback the money we loaned, but taking advantage of genz via predatory loans for wanting a higher education is downright criminal in itself.

    Adding onto this a lot of us will struggle to make these payments. I have 20k in loans and I haven’t paid a dime on EVER. Now I suddenly have a second car payment out of nowhere!