Hacker News Reader

I struggle to understand how student loads are predatory

some are predatory. They are structured in a way that after years of on time payment the principal amount increases

School loans should not be modeled after payday loan sharks.

Can anyone show me one of these loan agreements?

I distinctly recall talking to a loan officer when I made my 100k+ student loan, and the paper had in very large numbers, amount loaned, loan duration, per month loan cost, the interest rate, and total loan cost.

I want to see a student load agreement where the minimum monthly payment simply does not create an expected end date for the load.

As just one data point look into navient

I have had loans with Navient. It wasn't anything particularly interesting.

Uhm did you receive your settlement from their class action lawsuit?

Reply on news.ycombinator.com