Here’s a Great Idea for Paying Back Student Loans !!! 🤔😏
(media.greatawakening.win)
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A person taking out any loan should be required to pay it back in installments.. Most houses it is up to 10yrs of payments. The bigger the loan, the more the payments and time allowed to pay it back.. That being said, IMO, the price of college is a complete RIP OFF so, would rather punish the CROOKS that scammed people that the young people that got scammed. I do NOT want to have to pay off their loans but, I think that the CROOKs should be required to give them all a discount off what they owe... Then again, they did not have to take out a loan to go, it was their choice, maybe not a well informed choice but, a choice. I mean, at 18/19 I had no real world experience yet and didnt get any until I moved out of the house and got my first apartment and job and juggled my own bills for a bit.. HS level education SHOULD prepare kids better for that kind of shittery. heh heh heh
10 year housing loan? Try 30 years - or 15 years if you have a decent down-payment and a lot of extra cash each month. The average person buying a $300k house right now would pay over $3500 just in mortgage, not counting taxes and insurance. Depending on where you live it could easily be over $5k a month.
This is of course assuming nobody is ever considering ARM loans with this inflation and bad mortgage rates.
True, ours is 15yr that has lasted 20yrs at this point :P
300k house at 5.35 percent is about 2k 2200 with tax and insurances depending where you live. I'm currently in the market so I've been keeping track.