$1M Student loan trap!!

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[garppppp]

What's crazy is that the US charges that kind of money for higher education. That's madness.

[NuggetsAndLaundry]

Wait.
1, 060, 945 x 0.04 interest is
42, 437.8 a year, or divided by 12
A minimum payment of
$3, 536.48 a month.
Just to stay on top of it.

And that’s if it’s fixed at 4% interest!

[kj]

If you are in graduate school, you ought to know how to add and subtract, multiple and divide. Figure out how much interest is on a million dollar loan.

[thomasleedds]

The orthodontist will pay his student loan. $1M is nothing to them when the average salary is 400k. Student loans for french poetry major? That's another story.

[brettfolkerth]

He wouldn't have been 18 as a graduate sayin'

[jddyea]

I voted for the National Socialist so don't look at me