I've Paid $18,000 to a $24,000 Student Loan, and I Still Owe $24,000

Re:I've Paid $18,000 to a $24,000 Student Loan, and I Still ... by neil_macintyre on Sunday May 20, 2018 @11:00AM (#17112985)

There is a lot of talk in this form about lack of information regarding student debt in this form. I will be starting an undergrad degree next year and am wondering what are some good resources that provide information about the dynamics of student loans?

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Re:I've Paid $18,000 to a $24,000 Student Loan, and I Still ... by anoncoward111 on Sunday May 20, 2018 @11:46PM (#17115999)

find out if the debt is in your name or your parents' name

find out if you need a cosigner

find out the rate and if its variable or static

find out if theres a prepayment penalty

find out if interest compounds while youre in college

once youve found all that out, take the total balance and put it into a compound interest calculator. if you owe $25,000, you'll end up paying $30,000 or more usually

find out if you'll have a job where you can pay that debt off quickly

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