News for hackers. Stuff that matters.

A comment on Ask YC: How do you (or how did you), a start-up, get your first lump sum of cash?. Parent comment

Re:Ask YC: How do you (or how did you), a start-up, get your... by cperciva on Thursday January 10, 2008 @03:26PM (#96902)
You must have some pretty huge student loans if you're paying $14k/year in interest...
[ Parent | on HN ]
Re:Ask YC: How do you (or how did you), a start-up, get your... by ivankirigin on Thursday January 10, 2008 @03:38PM (#96909)
Total payment of 1160/mo means $160K at 8% for a 30 year term. I'm sure there are many people in that situation.
[ Parent | on HN ]
Re:Ask YC: How do you (or how did you), a start-up, get your... by electric on Thursday January 10, 2008 @05:04PM (#96938)
Interesting. I had brought up the issue of student debt as being one significant impediment to startups happening at the pace that pg had predicted they would.
[ Parent | on HN ]
Re:Ask YC: How do you (or how did you), a start-up, get your... by mrtron on Thursday January 10, 2008 @04:57PM (#96935)
Some student loan programs have minimum payments enforced after the interest-free period, similar to some credit card payments. So, I would not assume that the payment is entirely interest.
[ Parent | on HN ]
Re:Ask YC: How do you (or how did you), a start-up, get your... by imsteve on Monday January 14, 2008 @04:50PM (#98315)
Actually, it's "only" a little over $100k from 4 years of school. The problem is that it's become a b*tch to get loans under 10% without a co-signer. I couldn't...
[ Parent | on HN ]