Marjorie Sener was still in her 20s when she took out a loan for about $5,000 to get some college credits she hoped would eventually add up to a bachelor’s degree. That goal was thwarted when her partner became ill. “The burden of our living expenses fell on me,” said Sener, who lives in the Dallas suburbs. “I devoted all of my resources to keeping our heads above water.” But while Sener never got her degree, that student loan kept growing, fattened by compounding interest.
Not from the USA… what’s the interest rate on student loans? I mean, if you can afford a mortgage and to put money aside (article is about seniors, so not people purchasing a home now), how come you’re unable to reimburse your debt?
It’s outrageous. My employer pays around $1,200 per month for my insurance. I pay another $400 per month. Then I pay for all medical services until I’ve spent $6,000 - on service - monthly premium payments don’t count. Then insurance covers 80% of medical expenses after that. Unless we’re talking about my kids. I have to spend $16,000 out of pocket before insurance starts to pay for their stuff.
Not from the USA… what’s the interest rate on student loans? I mean, if you can afford a mortgage and to put money aside (article is about seniors, so not people purchasing a home now), how come you’re unable to reimburse your debt?
What makes you think they own a home? A ton of seniors live in rent controlled places and still barely get by.
The interest rate on my federal direct student loans is 6.8% on half of them (undergrad) and ~9% on the other half (graduate), iirc.
God damn fuck that’s ridiculous
Wait till you see how much we spend on healthcare.
Oh I know, per capita more than double the next first world nation and that doesn’t count private insurance.
It’s outrageous. My employer pays around $1,200 per month for my insurance. I pay another $400 per month. Then I pay for all medical services until I’ve spent $6,000 - on service - monthly premium payments don’t count. Then insurance covers 80% of medical expenses after that. Unless we’re talking about my kids. I have to spend $16,000 out of pocket before insurance starts to pay for their stuff.
Most of these people don’t own homes. That would be weird.