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.
School loans should not be modeled after payday loan sharks.
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.