Is front-end interest a education loan rip-off?

We may declare that the celebrity Tribune commentary on education loan financial obligation completely shows why courses on individual finance may possibly not be a bad concept in twelfth grade.

Bill Boegeman, a social studies instructor, had been astonished to learn exactly exactly just how principal that is little been paid down after per year of having to pay his education loan.

Here’s the part that actually makes me personally angry: For one year, i have already been making education loan re re re payments of simply over $500 30 days. Which means that more than this course of the I put about a $6,000 dent into my student loan debt, or so I thought year. On Oct. 17, 2015, per year to your day when I started settling my loans, my total education loan financial obligation had been …