100% agree they should be paid back. Daily compounding interest is NOT fair, though. I have friends that paid double and even made extra payments to principal and ended up shelling out DOUBLE what they borrowed when all was said and done. How does that make sense? We want a strong economy, but many high earners are saddled with six figure student loan debt. The government needs to get out of college costs so the market can bring them back to earth.
100% agree they should be paid back. Daily compounding interest is NOT fair, though. I have friends that paid double and even made extra payments to principal and ended up shelling out DOUBLE what they borrowed when all was said and done. How does that make sense? We want a strong economy, but many high earners are saddled with six figure student loan debt. The government needs to get out of college costs so the market can bring them back to earth.