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In reply to the discussion: Student loan nightmare. Man finds out his student loan balance is 200k after he graduates [View all]librechik
(30,957 posts)it's a fucking pittance as you go along with the individual payouts. After four years though, it really adds up.
You are expected to pay nothing but school expenses with it, like books $$$$$ and fees and of course, tuition. Because tuition is so fucking expensive, it's hard to visualize as you go along. Seems like a dream. Then you wake up and owe two mortgages. For thirty years.
All along they con you into believing a) there is no other way and b) you'll make big money once you have your degree, so no problem paying it off. Except those when you start looking, the big money jobs are already taken and you think you're lucky to get a job that isn't cruel and psychopathic even though you can't afford to pay your loans or feed your kids.
Reagan started this bullshit. He really is Satan.